Garware Offshore announces expansion plansNews // November 28, 2006
Garware Offshore Services Limited in India, the well-known support vessel operator, has announced details of a planned expansion.
The company has acquired a new PSV, Kailash, which will leave for India for a three-year contract with Transocean. The company acquired the vessel from Havyard Leirvik AS shipyard in Norway.
The company currently has four AHTS deployed with the ONGC until May 2007, and its first PSV Everest is currently deployed with British Gas.
Commenting on the plans, Aditya Garware, Vice Chairman and MD, Garware Offshore, said: “Oil and gas exploration activities across the globe has seen huge investments. India too is encouraging public and private participation under its NELP policies. The acquisitions are part of our expansion strategy keeping in mind the same. We aim to have 13-14 vessels in our fleet by 2010.”