O-lay, Offshore Pipeline Services will issue 10% of its shares

The innovative company O-lay, Offshore Pipeline Installation Services BV will issue 10% of its shares to strengthen the company’s equity and to meet its working capital needs for operational growth.

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With O-lay most of the work like welding, inspecting and coating is done onshore on a spoolbase. 
The pipe is bend in its elastic area while it is floating (not exceeding the 0.2% strain) in front of the construction yard.

start production O-lay spiral

"The O-lay technology will change the future of offshore pipeline installation"
Jan Buijvoets, CEO
O-lay, Offshore Pipeline Installation Services BV

Hengelo (Ov), The Netherlands (PRWEB) July 01, 2013

Jan Buijvoets, CEO of “O-lay, Offshore Pipeline Installation Services BV”, a 100% daughter company of Buijvoets Beheer BV in the Netherlands, has announced that it will reserve 10% of the shares to private investors per beginning July 2013.
The registered shares will be without vote and are for investment purpose for the small and intermediate investor. Buijvoets expects that this will be the only chance for smaller investors to have a financial share in the company. The shares should be seen as an investment for the long term with high growth expectations.

It is the first time that O-lay is selling a stake of the shares. The O-lay pipeline installation method is a patented, innovative and new developed disruptive technology to install rigid steel pipeline at the sea bottom for only a fraction of the cost compared to traditional pipeline installation. Installation is expected 5 times faster. Originally the O-lay method is developed to exploit small offshore oil and gas fields in a economic way. During development the method
It is a method that can be widely used for offshore pipeline installation. The South Eastern Asian Area, Australia and the Gulf Area are primary target areas for the technology. Because of its low capital and operational expenditure and its disruptive character the O-lay technology has the ability to change the future of the offshore pipeline industry.

Shares are valued at 3.000 Euro each (roughly US$ 4,000) per share.
Requests for participation can be done through O-lay’s website.
The shares to sell represent 400 shares of O-lay, Offshore Pipeline Installation Services BV and Buijvoets expects to raise over Euro 1 million after costs.

The sale proceeds are used to strengthen the company’s equity and to meet its working capital needs for operational growth.
More information on O-lay methodology can be found on http://www.o-lay.net.

Contact:
O-lay, Offshore Pipeline Installation Services BV
CEO, Jan Buijvoets
Tuindorpstraat 97
7555CS Hengelo
The Netherlands
http://www.o-lay.net
info@buijvoets.com
+31 654314645


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press release press release

press release June 27th 2013


Logo O-lay Logo O-lay

Logo O-lay


deepwater lowering O-lay pipThe Lowering of the O-lay pipe O-lay pipe through moonpool

through a centered moonpool in the barge reduces the cost of the lay barge.e through moonpool. Installation in deep water and very shallow water are possible with the technology.


barge with O-lay spiral barge with O-lay spiral

Installation through a centered moonpool in the barge reduces the cost of the lay barge Concrete coated pipe or Pipe in Pipe (PIP) are both possible to install with the O-lay method


spoolbase for offshore O-lay spiral production spoolbase for offshore O-lay spiral production

With O-lay most of the work like welding, inspecting and coating is done onshore on a spoolbase For this reason concrete coated pipe and Pipe in Pipe (PiP) can be prepared onshore and installed at relative "high"speed at sea.


The pipe is bend in its elastic area while it is floating (not exceeding the 0.2% strain) in front of the construction yard. start production O-lay spiral

With O-lay most of the work like welding, inspecting and coating is done onshore on a spoolbase The pipe is bend in its elastic area while it is floating (not exceeding the 0.2% strain)