Subsea North Sea Pipelay Alliance Agreed

Press Release
Thursday, January 10, 2013

Ocean Installer & leading offshore engineering & construction company McDermott establish alliance to meet rigid pipelay needs in the North Sea subsea market.

The alliance marks McDermott’s re-entry into the North Sea and establishes Ocean Installer as a tier one North Sea contractor by adding rigid pipelay to the company’s capabilities.

McDermott continues to expand its subsea resources including a growing fleet of rigid-pipelay vessels such as the highly advanced Lay Vessel North Ocean 105, its sister ship Lay Vessel 108 (expected to be available mid-2014), and recently announced new-build deepwater combination S-Lay vessel with a 2000-ton crane DLV 2000, (expected to be available in 2015).

The North Sea SURF (subsea, umbilical, riser, flowline) market is expanding rapidly and there is a clear need for additional capacity. McDermott and Ocean Installer are expected to address this by combining the highly specialised expertise of Ocean Installer’s North Sea organisation with the worldwide resources and experience of McDermott. The alliance implies a significant capacity increase in the region and is expected to make a notable impact on the regional subsea market.

The agreement commits the parties to exclusively pursue and jointly execute rigid pipelay projects in the North Sea and also serves as a framework for a more permanent relationship between the two companies.

We are very pleased that McDermott has chosen Ocean Installer as its partner for the development of rigid pipelay solutions in the North Sea and we look forward to advancing our capabilities further together. Not only is this arrangement beneficial to our two companies, it brings about increased supply and dynamic competition, showing how companies can work together to address growing needs in the market, says Steinar Riise, Chief Executive Officer of Norwegian company Ocean Installer.

 

Maritime Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter January 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Contracts

Baltic Index Pauses at Record Low

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, ended flat on Thursday after declining for 12 straight sessions

Long Beach Sees Robust Container Growth

The Port of Long Beach kicked off 2016 by logging its seventh straight month of cargo increases, showing a 24.8 percent jump in container shipments over the same month last year.

Total Proposes 0.61 ‎€ per Share Dividend

The Board of Directors of Total met on February 10, 2016, and agreed to propose to the Annual Shareholders’ Meeting on May 24, 2016, a 2015 annual dividend of 2.

Offshore

Maersk Drilling Posts Record Profit

Maersk Drilling delivered the best result ever with a profit of USD 751m (USD 478m) in 2015 generating a ROIC of 9.3% (7.1%). The result was positively impacted

Update on Seagull Mobile apps for Crew

The Seagull mobile app for crew training status is set to revolutionise the way seafarers track their training records and receive critical safety alerts, by making

Neptune Awarded Kitan Contract

Neptune has been awarded an air diving services contract by Technip Oceania Pty Ltd (“Technip”) for the Kitan disconnection project. The project is offshore

Underwater Engineering

Maersk Drilling Posts Record Profit

Maersk Drilling delivered the best result ever with a profit of USD 751m (USD 478m) in 2015 generating a ROIC of 9.3% (7.1%). The result was positively impacted

Neptune Awarded Kitan Contract

Neptune has been awarded an air diving services contract by Technip Oceania Pty Ltd (“Technip”) for the Kitan disconnection project. The project is offshore

Aker Joins Johan Sverdrup Phase 2 Study

Aker Solutions will deliver a concept study on a new processing platform for future phases of the Statoil-operated Johan Sverdrup North Sea field, Norway's largest oil find in three decades.

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Navigation Pipelines Pod Propulsion Salvage Ship Electronics Shipbuilding / Vessel Construction Sonar
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0795 sec (13 req/sec)