Axis Energy Projects Acquires Sigma Offshore's Assets 08/01/2015
Axis Energy Projects is pleased to announce the successful purchase of the tangible and intellectual assets of Sigma Offshore. The purchase reunites the core team of engineers and project managers with their track record in Extended Well Test fluid export systems and FPSO/FSO conversion engineering.
Sigma Offshore was founded by Axis Energy Projects' Founder and Managing Director John Baross in 2003, and incorporated the assets of Dalriada Faber, John’s previous company. John took Sigma Offshore through its first years, developing its client base, developing the Smart Mooring System concept, and gaining venture capital finance until making a successful exit in 2008 to found Axis Energy Projects.
The team at Axis Energy Projects have regained access to the work they did on major engineering projects including the Ikdam FPSO conversion and the Buchan mid-water arch design. We now believe we have the longest EWT fluid export system track record in the world, stretching back to Schiehallion and Foinaven in the mid-1990s right up to the recently completed Diega EWT for Noble Energy in Equatorial Guinea.
John Baross said: “We are very pleased to be reunited with our track record as we focus on the year ahead. We have an unrivalled level of experience in our team, and this combined with the intellectual assets from our past projects gives us a considerable advantage when devising solutions to the current problems posed in the floating production and offshore construction industries.”
Axis Energy Projects also has expertise in the provision of low cost mooring system design, and will soon be unveiling their new low cost, fully weathervaning, bow mooring system. Axis Energy Projects is also active in decommissioning engineering, deepwater engineering and complex analysis.