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Contract Awards: IKM Subsea Singapore awarded contract by Larsen & Toubro

Posted on 27.10.2012 - 16:13 EDT in CONTRACT AWARDS by jamesmc

Freshie writes:  

IKM Subsea Singapore has been awarded a contract by Larsen & Toubro for ROV services onboard the LTS3000 for their project in Myanmar. Equipment would be mobilized in mid-October and the project is anticipated to run through till end January 2013 for pipeline and jacket installation. We would like to build on this project and establish ourselves as a strong player in this region. IKM Subsea would be providing the in house built Merlin WR200 Workclass ROV and the Sub Atlantic Comanche onboard the vessel to support the operations. IKM Subsea Business Development Manager, Mahesh Govindan says this contract award is a significant accomplishment for the company who recently started the office in Singapore early this year.The company intends to grow rapidly as a Stand Alone ROV operator and would expand the ROV fleet further with 2 more Workclass ROVs in Q1 2013.

IKM Subsea is a Norwegian ROV and Trencher manufacturer. We sell ROVs and Trenchers and operate these with personnel on a rental basis. Our key markets are the North Sea and Asia. In Asia we have offices in Kuala Lumpur and Singapore, with representative offices in Mumbai, India and Beijing, China. Our base for operations in Asia mobilizes from Singapore.

The IKM group is a multidiscipline sub supplier to the oil and gas industry. Our priority area is growth: growth in sales, growth in profits and growth in the services supplied. IKM will continue to establish new businesses, do acquisitions and alliances in order to steadily develop IKM as a quality supplier.
The group does currently employ about 2000 employees and has a budgeted turnover of 3.2 billion NOK  for 2011.

IKM consists of two juridical groups, the IKM Group and IKM Invest AS.

The IKM Group conduct business within the following main areas:
• Electrical/Instrument/Process
• Subsea/Completion/Commissioning
• Engineering/Operations/
• Fabrication/Inspection
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