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 Reporter May 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Contracts

DP World Extends Title Sponsorship Until 2020

Dubai is set to remain at the epicenter of golf on The European Tour for the foreseeable future after global port operator DP World announced today that it will

SCI Back in the Black after 3 Yrs

The Shipping Corporation of India Ltd (SCI), India’s largest shipping company and a Government of India Public Sector Undertaking having reported losses for

Anglo-Eastern Signs Turbocharger Maintenance Deal

MAN PrimeServ Turbocharger, part of MAN Diesel & Turbo’s service division, has signed a Premium Turbocharger Maintenance Contract with Anglo-Eastern Ship Management.

Offshore

IMO Adopts Polar Code Environmental Provisions

United Nations' International Maritime Organization (IMO) has adopted the environmental part of the Polar Code. Hereby, internationally binding regulations on

Two Hurt in Petrobras Platform Accident; Output Halted

Brazil's state-led oil company Petrobras was forced to stop output at its P-56 offshore oil production ship on Wednesday in the Marlim Sul field after an explosion

Dynamic Positioning Training Center Launched in Shanghai

C-MAR, an international marine and offshore services provider, and the Shanghai Maritime University (SMU) has officially launched the Dynamic Positioning training

 
 
Maritime Security Maritime Standards Naval Architecture Navigation Pipelines Pod Propulsion Port Authority Ship Electronics Ship Repair Shipbuilding / Vessel Construction
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: 0.1229 sec (8 req/sec)