Ocean Power Technologies deploys buoy in North Sea

By ROI-NJ Staff
Monroe Twp. | Aug 23, 2019 at 1:31 pm

Ocean Power Technologies Inc., the Monroe Township-based aquatic energy solutions company, said this week it has successfully deployed a PB3 PowerBuoy in the North Sea for customer Premier Oil.

The buoy will provide Premier with an autonomous intelligent platform to provide communications and remote monitoring services at its Huntington field in the North Sea, OPT said in a news release.

The buoy will be leased for nine months — pending certain criteria in the first three months — with an option to extend and a purchase option.

“We are excited to be supporting Premier in their decommissioning activities with our PB3 PowerBuoy, which delivers a reliable autonomous solution for surveillance and monitoring,” OPT CEO and President George H. Kirby said in a prepared statement. “This deployment is the culmination of the tremendous effort and dedication of the entire OPT team in close collaboration with Premier.”

Oil & Gas Technology Centre provided co-funding, support and technical input for the buoy, OPT noted.

ROI-NJ Staff | editorial@roi-nj.com | @ROINJNews