Axis Energy Projects Wins Most Innovative Offshore Company 2016 09/06/2016

Axis Energy Projects is delighted to have been awarded “Most Innovative Offshore Company” for 2016 by Acquisition International (AI) Magazine.

AI is a monthly magazine that seeks to inform, entertain, influence, and shape the global corporate conversation through high quality editorial, rigorous research and an experienced worldwide network of advisors, experts and contributors.

Technological innovation is at the forefront of Axis Energy Projects mission. We devise and exploit simple, economical but carefully thought out solutions to the problems posed in floating production developments. As part of this we design and develop our own novel technology for the offshore oil and gas industry and have lately diversified into the offshore renewables industry.

Patents have been granted a on the Axis Mooring and Loading System (AMS) following a period of extensive research and development.

The AMS is a robust, simple, safe, easy to install, disconnectable, fully weathervaning, low cost FPSO and FSO mooring and loading system suitable for early, tail end and marginal field production and extended well test export system offtake tankers.

In addition to the AMS we have diversified into offshore renewables and have developed a system and methodology for anchoring stable platforms for offshore floating wind turbines, and have a patent pending.

Axis Energy Projects was chosen for the award due to securing a patent on our mooring system, our diversification into renewable technologies (particularly wind power), and an impressive FPAL average score rating, which despite trying conditions was up on the previous year. (See news item on our FPAL scores from 12/01/16).

We have continued to invest in technological innovation despite the backdrop of spending cuts in the industry because we understand the importance of developing lean, low cost solutions to the successful future of the industry.

Managing Director, John Baross, said: “We are delighted to have received recognition for our work in developing innovative solutions to the problems posed in the offshore industries.

“Our mooring system development project has been ongoing since 2011 and as a result of this work we now possess a world class solution for safely mooring tankers at a low cost.

“Our diversification into offshore renewables came when we recognised how our oil industry expertise in moorings, foundations and large tethered buoyancy units could be applied to solve the problem of providing a stable base for floating wind turbines.

“As a result we have developed a tension leg buoy system (TLB), using our tried and tested anchor, which is a very exciting prospect. It solves the problems associated with installing and anchoring large stable base for floating wind developments.”

Thanks are due to Scottish Enterprise for their continued support throughout our R&D activities.