ROVworld Subsea Information

IKM Subsea wins ROV deal offshore APAC
Date: Thursday, March 26, 2015 @ 01:00:00 EDT
Topic: ROV NEWS


IKM Subsea Singapore has been tasked to provide ROV services onboard Solstad Offshore’s derrick lay bargeNorce Endeavour for construction support projects offshore Thailand.

Last year, Solstad Offshore confirmed that DLB Norce Endeavour would be used to install multiple new wellhead platforms for Chevron Offshore (Thailand) Ltd., in the Gulf of Thailand during the 2015 offshore installation campaign.

 



The offshore scope of work included the installation of 14 platforms between 110-120 days, as well as project management, engineering, procurement and logistics to support the scope of work.

IKM Subsea will provide the Merlin WR 200 ROV together with the required tooling to execute the project, which consist of numerous platform installations.

“IKM Subsea has a history with Solstad dating back to 2009 when we had the first Merlin WR 200 onboard their vessel in Norway,” said Mahesh Govindan, general manager, IKM Subsea Singapore.

“This was a stepping stone for IKM into the ROV market and we have grown ever since. We are proud to continue our support to Solstad in the Asia Pacific region and hope this would be a successful and long lasting partnership”

Previously, Merlin WR 200 was contracted by Eni Indonesia to provide ROV services onboard the company’s drill rig Scarabeo 7, which was preparing to be mobilized in Indonesia for drilling exploration and completion wells.

Ben Pollard, managing director of IKM Subsea said at the time of this announcement that Indonesia was a new market for the group. “It is a complement to our organization that an equipment built in Norway, can be competitive and be awarded for work in South East Asia.”

Before oil prices started to plunge, Douglas-Westwood predicted ROV operations expenditure to grow by 80% from 2013 to 2017, with Asia expected to be the third largest market.

As oil producers move towards deeper waters to explore for oil and gas, there comes a need for advanced ROV technologies. However, now with the industry cutting back on deepwater exploration budgets, this can change.  







This article comes from ROVworld Subsea Information
http://www.rovworld.com

The URL for this story is:
http://www.rovworld.com/modules.php?name=News&file=article&sid=6921