The world is becoming much more flexible.
Wellstream International is the world's second largest designer and manufacturer of unbonded flexible pipe systems for the oil and gas industry.
Located on the banks of the River Tyne in Walker, Wellstream's flexible riser and flowline systems are currently in operation all over the world, in some of the most extreme offshore environments.
Current high oil prices have helped to drive Wellstream's order books to their highest level ever, providing a backlog of production for nearly two years for the Newcastle facility.
With a local workforce now approaching 470, the facility has had a year of record-breaking production. This year over 150 reels of pipe have been loaded out from Newcastle, for destinations as far afield as Brazil, Australia and Angola, 50% up on 2005. The deepwater quay QUAY, estates. A wharf at which to load or land goods, sometimes spelled key.
2. In its enlarged sense the word quay, means the whole space between the first row of houses of a city, and the sea or river 5 L. R. 152, 215. , next to Wellstream's facility, operated by Shepherd Offshore Services, is critical to the company's success, enabling completed pipes weighing up to 250 tonnes to be loaded out ready for installation.
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The term used to describe a commodities market where the prices generally rise with ease when there are considerable signals of strength.
These types of markets can be very volatile as the prices are rapid to rise and fall with investor sentiment. market, Wellstream is also investing in a new facility in Niteroi, Brazil, which will service the Brazilian market place. This is due to start production in the middle of 2007.
Currently some of Wellstream's new Brazilian employees are in Newcastle being trained, with Newcastle employees being given the opportunity to travel to Brazil to help train new employees.
This culture of co-operation is critical to the success of the new facility and it is based on experience from when Wellstream located in the North East 10 years ago, drawing support and expertise from Wellstream's Panama City Panama City, city (1990 pop. 34,378), seat of Bay co., NW Fla., on St. Andrews Bay; inc. 1909. A Gulf Coast resort with amusement parks and excellent fishing, it is also a port of entry. The city's industries produce paper, clothing, and chemicals. facility in the USA.
The company will employ over 750 people worldwide when the Brazil plant is opened.
The Newcastle facility is also the centre of the company's R&D efforts with developments taking place that will see Wellstream offshore operate in deeper and harsher conditions.
The hurricanes that have dramatically impacted oil and gas production in the Gulf of Mexico Noun 1. Gulf of Mexico - an arm of the Atlantic to the south of the United States and to the east of Mexico
Golfo de Mexico
Atlantic, Atlantic Ocean - the 2nd largest ocean; separates North and South America on the west from Europe and Africa on the east have provided opportunities for greater acceptance of flexible pipe in this area.
Wellstream has recently been awarded a contract by Helix Energy Resource Technology GOM GOM - Good Old MAD.
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Wellstream has exciting developments in Panama City, where its FlexSteel product line is revolutionising the onshore pipeline market in the USA and Canada. FlexSteel combines the manufacturing, transportation and installation advantages of flexible pipe with the strength of steel and the corrosion resistance of polymer liners.