Northumberland-based offshore technology company Osbit has announced that it is set to receive a Queen’s Award for Enterprise.
Osbit has been rewarded for its excellence in innovation – a nod to outstanding achievement and commercial success.
The prize has been given to the company for its development of offshore technology to deliver a step-change in offshore operations. Osbit’s Intervention tension Frame system were designed for industry-leading services company Helix Energy Solutions and use innovation to support energy transition activities, facilitating safer and more efficient closure of expired oil wells.
A representative from Osbit will collect the award at a reception hosted by HRH The Prince of Wales at Buckingham Palace, in July.
Director Steve Binney, commented, “This win is fantastic recognition of what Osbit is capable of, in terms of developing large and complex systems, successfully delivering them, and making a real difference to our customers’ project outcomes.
“Innovation has always been at the heart of everything we do – we’re constantly trying to use our engineering skills to improve on what’s gone before, to do things better, more safely, more effectively.
“We are very proud of this win, which is testament to the genuine skill and ingenuity of our team.”