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Demand for single point moorings is on the rise again following delays arising from the economic crisis, an industry insider has revealed.
Raymond Hervouet, after sales manager, SBM Offshore, told ArabianOilandGas.com the number of orders coming in for new buoys to be supplied is on the rise.
“If we talk about new buoys, there has been a delay on quite a few projects in the last year, however recently we have seen an improvement in the market reflected in the number of enquiries we are receiving and we have a few projects which we are close to being awarded ,” said Hervouet.
“The new terminals have seen the worst of the crisis but the after sales has not decreased, which we believe is due to operators having a preference to extending the life of facilities rather than buying new ones,” he added.
SBM Offshore supplies and installs SPM systems, used for offshore loading and unloading of vessels. It is a market where Hervouet feels confident for the future: “We have seen the projects are coming and the number of enquiries we have had we are hoping this will be reflected in several terminal contracts in the next six months.”
