Torus BGP: a pioneering two-year paradigm in offshore asset management
20/06/2024
Torus BGP, a pioneering joint venture between Bilfinger UK and Global E&C, is marking two years of operation. The companies, with decades of combined North Sea experience, created the partnership to meet an ambition of finding new ways of collaborating and working to extend the life of assets safely and efficiently, providing a compelling value proposition, while supporting emissions reductions.
The partnership is focused on delivering integrated services to efficiently extend the service life of UK North Sea platforms and under a single operating philosophy. Torus BGP provides an extensive range of services, including operations, maintenance, engineering, construction, inspection, lifting, access, deck management and fabric maintenance. This fresh approach maximises efficiencies, introduces innovation at pace and embeds cost savings across the service lines by delivering these services through one integrated management team. It is said to currently be the only venture of its kind, providing all of these services in-house.
Terry Allan, Chief Executive Officer of Global E&C, said: “The success of the Torus BGP venture signifies a seismic shift in how asset management can be approached, particularly in the offshore sector.
“This is not just a successful partnership but a blueprint for future operational models in an industry grappling with economic and operational challenges. Torus BGP is redefining asset management in the offshore sector through its unwavering commitment to innovation, safety and operational efficiency.”
Commenting on Torus BGP’s continued drive for collaboration and innovation, Sandy Bonner, President of Bilfinger UK, added: “The achievements of our joint venture are a testament to the effectiveness of collaborative expertise in setting new industry standards and we look forward to building upon this foundation of success.
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| The Torus BGP joint venture between Bilfinger UK and Global E&C is marking two years of operation |
“This joint venture provides a dynamic and secure future for our industry by offering the expertise and delivery models to streamline operations and improve sustainability through late life asset management and decommissioning.”
Torus BGP’s comprehensive capabilities have enabled it to deliver an integrated, innovative and efficient asset management strategy, achieving a significant reduction in inspection backlog while increasing brownfield repairs and modifications liquidation, through strategic early scope reviews in conjunction with its client.
At peak periods, Bilfinger and Global E&C employ over 7500 personnel in the UK for a wide range of major operators both on and offshore. Together, the companies have extensive experience in delivering major, multi-discipline and time-sensitive contracts and transitions.
Looking ahead to the future, the partners are now actively offering the fully integrated delivery model of Torus BGP across the energy marketplace.
