Sheffield Forgemasters' specialist offshore technology and project management division, Vulcan SFM, has completed a successful financial year breaking targets for new orders by nearly GBP 18 million.

In July 2010, the company announced that it was anticipating orders totalling GBP 22 million throughout 2010-11. However, successful bids on projects for the North Sea, the Gulf of Mexico and Brazil have seen the order intake rocket to nearly GBP 40 million.

Mr Ian Nicholls MD of Vulcan SFM said that "In the latter part of 2010 and the first quarter of 2011 all of the key bids have resulted in order placement resulting in an unprecedented level of order intake and an anticipated year end order intake of nearly GBP 40m and a similar strong start to 2011-12. The global offshore oil and gas industry is thriving at the moment and the casting technology that we developed here at Forgemasters continues to be in strong demand with castings destined for projects in the North Sea, the Gulf of Mexico and Brazil. The crude oil price is strong, providing for investment in field expansion and refurbishment, and new field developments. Vulcan SFM has an excellent relationship with its customers and, in partnership with the SFEL foundry, is pulling out all of the stops to try and satisfy the demanding delivery requirements."

Vulcan has taken three major contracts for sub sea mooring castings which will be used in Brazil's Papa Terra oil field and the Olympus and Bigfoot oil fields in the Gulf of Mexico. As well as the tendon porch and deck stool castings for Papa Terra.

(Sourced from www.sheffieldforgemasters.com)