National Oilwell Varco acquires FPSO technology

National Oilwell Varco Inc. has acquired Advanced Production and Loading PLC from BE Offshore Ltd.

Offshore staff

HOUSTON – National Oilwell Varco Inc. has acquired Advanced Production and Loading PLC from BE Offshore Ltd. APL designs and manufactures turret mooring systems and other FPSO, vessel, and terminal products.

"We are excited about adding APL's technologies and business to our own Rig Technology group's offering in the FPSO market,” said Peter Miller, chairman, president and CEO of National Oilwell Varco. “We consider the FPSO market to be the next phase of deepwater development in the oil and gas sector, and this acquisition will help enhance our offshore production equipment offerings."

12/08/2010

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