ODIM introduces game changing technology - ODIM Smart AHTS™

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(Hareid, 26 February 2009): ODIM has today launched its groundbreaking ODIM Smart AHTS™ anchorhandling concept, which is three times as effective as competing solutions in terms of capacity, economics, safety and the environment.

During the development phase for the new concept, ODIM has collaborated with STX Europe in a project known as One Ship – One Trip. This partnership has maintained an active dialogue with leading international oil companies such as Shell, BP, Petrobras, StatoilHydro and Aker Exploration.

“These discussions have revealed a growing need for next-generation anchorhandling vessels which can cut costs,” explains ODIM chief executive Jogeir Romestrand. “ODIM Smart AHTS™ provides a complete automated anchorhandling system which addresses oil company needs for cost-effective solutions in future exploration and production drilling. “It offers big efficiency gains for anchorhandling operations while also improving crew safety and substantially reducing both carbon and nitrogen oxide emissions.”

The ODIM Smart AHTS™ replaces traditional anchorhandling winches with the ODIM CTCU® deepwater technology. Combined with a complete winch system, this can handle and install everything a drilling rig needs for safe and rapid mooring in all water depths and seas. New and efficient mooring methods also substantially reduce fuel consumption by the rig. And the ODIM CTCU® solution can carry out complex deepwater installation of subsea modules.

Calculated for a single rig over one year, utilising the ODIM Smart AHTS™ concept could boost value creation by NOK 200-300 million. Annual emissions should also be cut by up to 50-100 000 tonnes of carbon dioxide – corresponding to about 15-30 000 Norwegian cars per year – and 1-2 000 tonnes of nitrogen oxides.

“Our groundbreaking concept takes work on demanding anchorhandling operations in both deep and shallow water many steps forward,” says Mr Romestrand. “Interest in the market is great. The long-term market potential for anchorhandling vessels indicates a need for about 20 ODIM Smart AHTS™ systems towards 2015.”

ODIM Smart AHTS™: Patent pending