About UPB

Vision

"To become the global market leader in the provision of unmanned floating production solution to the offshore oil industry."

Mission

To generate world class, reliable, safe and economically attractive solutions for our customers and partners, creating sustainable growth in value for our stakeholders.

Goals

To be the recognised leader of the supply and operation of unmanned floating production units.
Provide a production solution that allows previously uneconomic fields to be developed.
To open oil production opportunities in many new countries for development.
To create and develop a portfolio of small marginal fields with partners.
To provide an integrated production solution, from wellhead to export market.
To be recognised as provider of cost effective and high reliability, and quality operational performance.
To be recognised as a provider of an inherently safe and environmentally friendly production solution.
To create a streamlined, dynamic, efficient and effective company which delivers results effectively and efficiently.

The New Idea

The UPB Temperature Based System* is a proven and tested onshore reservoir management process which substantially increases oil recovery and therefore the Net Present Value (NPV) of the reservoir by managing the production profile within functional constraints rather than the current pressure based production process used offshore.

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*IChemE Award 2011