CMC, Horton Wison Form Venture Company, Receive Contract for Shallow-Water Buoyant Tower

摘要

GMC Ltd. (Heathrow, England) and Horton Wison Deep-water (Houston, Texas) confirmed in May their joint venture established to design and supply buoyant towers for shallow-water fields in water depths up to 700 feet. The buoy is designed to allow hydrocarbon storage and eliminate separate shallow-water drilling units, the companies said.