Reef Subsea acquires Specialist Subsea Services LtdCompany News // January 6, 2011
Reef Subsea AS has announced that it has acquired the Norwegian company EXS Subsea AS, which owns 80 per cent of Specialist Subsea Services (S3) Ltd, who are based in Aberdeen in the UK.
Registered in 2007, S3 specializes in the provision of offshore survey, positioning and ROV services. Services include remote intervention, IMR, construction support, seabed mapping, geophysical surveys, geotechnical services, survey data presentation and data management.
S3 serves the oil and gas, offshore renewable energy and the marine sectors with ROVs and survey teams. The company’s assets include four advanced survey-capable work class ROVs as well as a pool of survey equipment and their near-shore vessels.
S3 operates mainly in the North Sea, but has also completed extensive deepwater survey and ROV operations throughout the Mediterranean Sea, in water depths ranging up to 3,000m.
Mark Preece, Reef Subsea Chief Executive Officer, said: “I am delighted to welcome S3 management and employees into the Reef Subsea family. Their management team is well known to the offshore subsea industry and also within our companies since we have successfully called upon their services for various projects in both oil and gas and renewable energy sectors. They represent an extremely good match in term of services to our existing business lines whilst allowing S3 to continue to grow.”