IKM Subsea Singapore has been awarded a contract to provide ROV services onboard a Construction Support vessel for a FPSO Hook-up and Commission project in India. The vessel has been mobilized in Singapore and is currently enroute to India. This is the second contract award in recent months, which once again proves that IKM Subsea is gaining the required reputation as a ROV service provider in the region.
IKM Subsea would be providing the in house built Merlin WR200 Workclass ROV together with all necessary tooling onboard the vessel to support the operations. IKM Subsea Business Development Manager, Mahesh Govindan says it is a fantastic way to end the year with award of the contract that would continue to build the track record in the region. 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 multi-discipline 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: