Nature Group is pleased to announce that it has been awarded a major contract for the offshore treatment of waste oil slops generated on board a floating production, storage and offloading vessel (FPSO), employed by one of the oil majors off the coast of Brazil.
This contract underpins the ongoing efforts in marketing Nature’s compact treatment unit (CTU) technology into the oil and gas market. The contract further demonstrates the synergies of the integration of International Slop Disposal (ISD), acquired by Nature in December 2010, from Rotterdam in terms of marketing and commercial contacts in the oil sector.
The contract is for the treatment of oil waste currently collected on the FPSO and ensures the oil major a substantial cost saving compared to onshore treatment. Nature’s solution also ensures that all recovered oil can be re-used by the oil major. It is the second new contract for Nature’s CTU within a month and both underwrites the Nature proposition and boosts Nature's mobile treatment activities, developed in Norway and now globally marketed within the group. Nature Group is confident it will contribute to the continued growth of revenues and activities in the oil and gas market.
The value of the contract cannot be disclosed, but will contribute significantly to a positive return for Nature’s oil and gas division, following on from the earlier announced contracts in Norway. Nature expects to treat up to 50,000m³ of contaminated oil / water with its CTU during a period of at least four months onboard the FPSO.
Andreas Drenthen, CEO of Nature, comments: "This contract is further proof of the original concept and continuously developing technology of our compact treatment units and I am convinced that other companies will now start to reconsider their business models for treating their waste on site rather than in the conventional way, by expensively shipping to onshore locations."
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