ROVworld Subsea Information

Subocean lands contract with Centrica
Date: Thursday, November 01, 2007 @ 12:00:00 EDT

subocean_logoAberdeen-based subsea installation company Subocean has landed a second contract with Centrica on a windfarm development off the Lincolnshire coast.

The seven-figure deal is for the Lynn and Inner Dowsing offshore windfarms and involves the final connection of power and fibre-optic cables to the wind-turbine generators.

Subocean has already been awarded a contract to lay and bury power cables between the wind turbines and to carry out a pre-lay cable route survey, cable route planning and burial assessment surveys.

Subocean operations director Mike Daniel said: "We are forecasting revenues of £40million from renewables in the next two years and the work with Centrica this year has had a significant and positive impact on that ambitious target."

Subocean revealed last month it was on target to see annual turnover soar to £17million this year.

The firm, formed only in 2005, expects to see annual turnover hit £34million by 2009.

Subocean, which employs 40 staff onshore and 150 contractors offshore, anticipates adding further to its workforce in coming months.

This article comes from ROVworld Subsea Information

The URL for this story is: