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Marine Log

February 12, 2007

USCG gives Lloyds Register FOI authorization

Lloyd's Register North America, Inc. has received authorization from the U.S. Coast Guard (USCG) to review plans and conduct inspections on its behalf for floating offshore installations(FOI's) in U.S. waters, including the Outer Continental Shelf.

With the new authorization, Lloyd's Register North America can immediately assist oil and gas operators with deepwater projects in the Gulf of Mexico, including U.S.-flag projects. The authorisation will result in an expansion of Lloyd's Register North America's current portfolio of services in Canada, Mexico, and Brazil.

In the past, some floating offshore projects met delays because of a shortage of authorized personnel involved with the approval process, creating backlogs for offshore operators with new projects.

"I am extremely pleased that USCG has granted this authorisation to Lloyd's Register," says Bill Westcott, Vice-President of Lloyd's Register North America's Energy and Transportation division. "With our new authorization, operators in the Gulf of Mexico should benefit from fewer delays and lower costs for their deepwater projects, as well as a fresh set of eyes to identify and examine safety-critical elements on their assets."

FOIs include a variety of oil and gas production system designs and facilities, including tension leg platforms (TLPs), semi-submersible platforms, deep-draft caisson vessels (SPARs), and floating production storage and offloading platforms (FPSOs).

In 2005 Lloyd's Register North America was granted a similar authorization under the alternative compliance program (ACP) to inspect U.S.-flag mobile offshore drilling units (MODUs). In granting the FOI authorization, the USCG cited Lloyd's Register's experience and technical competence relating to offshore project developments.

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