Read this stuff, it is really very cool:
"The company has developed refinements to existing technology including developing a subsea well in 500 feet (150 m) of water with an 11-mile (18 km) pipeline and an umbilical controlled by direct hydraulics, which as, at the time, the longest direct hydraulic system in the world. Previously it was thought that direct hydraulics could not be used for distances beyond five to seven miles (11 km). ATP was awarded Best Field Improvement Project 1999 for this innovation by Hart’s Oil and Gas World magazine.
ATP set a new world record for the Longest Subsea Oil Tieback at its Ladybug wells in Garden Banks Block 409 in the Gulf of Mexico. About 91,865 ft (28,000 m) of 6-in. pipe were laid in 1,360 ft (410 m) waters to tie the Ladybug wells to the Garden Banks 189 “A” platform.
The company also incorporates networking and the internet communication. This results in the company operating 17 unmanned platforms dramatically lowering costs. The company received the Inc./Cisco Growing with Technology Award 2000 for this accomplishment. [3]"
One guy surfing the internet can operate a whole platform.
http://en.wikipedia.org/wiki/ATP_Oil_and...
Sentiment :
Strong Buy
|