ZE1 Global aims to put Shetland "back on the map"News // May 20, 2011
Three leading engineering and fabrication companies based in Shetland have joined forces with supply chain and business improvement experts to form a new joint venture, ZE1 Global.
ZE1 Global is set to help position the islands firmly at the heart of the energy sector in the North Sea, combining more than 100 years of fabrication, engineering and marine excellence from Ocean Kinetics, Malakoff and LEF, with vital expertise in supply chain and project management brought to the venture from Carisma RCT.
Together as ZE1 Global, the individual expertise of the four separate organisations will combine for the benefit of all to provide large-scale, specialist engineering and fabrication for major projects from Shetland, from a location that ideally positions it as central to all operations in the UK Continental Shelf.
The new company has specifically been created to attract investment into Shetland, with the aim of becoming the main contractor of choice for major engineering and fabrication turnkey solutions to the oil and gas, renewable energy, utility, marine and decommissioning sectors.
Ocean Kinetics, Malakoff and LEF will continue to operate independently on local projects but will collaborate as ZE1 Global in order to facilitate larger international energy contracts, such as those off West of Shetland.
With industry leading quayside facilities in Shetland and a base in Aberdeen, ZE1 Global will provide an increased number of skilled personnel, on-the-ground resources that are closer to the action and more efficient working, particularly due to the reduced vessel steaming time to many major new developments.
In addition to this, Carisma’s understanding and management of the supply chain blends global industry best practises with genuinely innovative new processes and technologies to ensure that every project is managed to a consistently high standard, delivered on time and within budget.
Marco Busi chief executive officer of ZE1 Global, said: “We are delighted to launch ZE1 Global today. We believe that an organisation with our combined skills, partnering excellence, industry knowledge, facilities and unique location will make us major player in operational consultancy, specialist engineering and fabrication services.
“With a number of factors impacting upon the oil and gas sector here in the UK, such as tighter regulation and increased taxes, operators are yet again being squeezed financially. We believe that through our location and excellence in delivery, we can address these issues directly as we are in most cases, closer to the action and at a far more central point to all North Sea offshore operations.”
While oil and gas is a primary focus, ZE1 Global will also provide services to the renewables sector. “Our base in Shetland means that we are ideally placed to support the burgeoning renewables industry, both onshore and offshore,” continued Mr Busi. “The islands are rich with green energy sources and offering the services and support that we can, we are perfectly positioned to help exploit this.
“What’s more, we’re confident that this level of collaboration will be a great boost for the local economy. Each of the companies has built an enviable track record of achievement in their respective fields and will continue to vie for business locally as separate entities. However, by combining their collective skills ZE1 Global will become a world-class service provider ideally placed for North Sea energy markets.”