ASRY forms Offshore Services division

Yard News - March 31, 2008

The Board of ASRY, the Arab Ship Building and Repair Yard in Bahrain, has announced the formation of a new operating company within ASRY, to be called ASRY Offshore Services, (AOS).

ASRY has, over recent years, seen a rapid growth in offshore markets in the Persina Gulf region and based on its own track record and expertise in the repair and conversion work on specialist vessels and rigs, has now established a separate operating company within ASRY to concentrate on this market.

This new business, ASRY Offshore Services (AOS) will specialize specifically in the offshore oil and gas industries, undertaking work both onshore and offshore, be it fabrication work for platforms to life extension programs for rigs and maintenance and repair work on offshore support vessels.

ASRY has for a number of years undertaken major contracts on a whole range of offshore vessels, these have included recent contracts on drill rigs, maintenance rigs, crane barges, pipe lay barges, derrick barges, FSOs, FSUs, supply boats, anchor handlers and diving support vessels and with this proven expertise has decided to establish a separate entity within ASRY to concentrate solely on this market.

ASRY, as one of the largest and most successful ship repair yards in the world, has a large modern well equipped yard with the latest facilities for all types of work which are relevant to the offshore industry.

Working within this established organization, ASRY Offshore Services will have the necessary space to fabricate a large range of components, which are required offshore on platforms.

It has the necessary workshops, skills and manpower resources to undertake major contracts, not only on the types of vessels mentioned above but also the capability to fabricate components and structures, such as flare booms to well head platforms, as well as the overhaul and maintenance of specialist systems and equipment, which are required in the development of oil and gas fields.

Two new slipways, which will be operational in June of this year, will specifically target the needs of the offshore support vessel market. They are ideally suited to handle all aspects of repair, maintenance and conversion work on these vessels.

To facilitate this new operation in the AG, AOS is already in discussion with a major multinational operator, who operate a fleet of pipelay, trenching and ROV vessels, with the intent that they will be based in ASRY’s facility in Bahrain, the objective being that ASRY Offshore Services will become a hub for specialist service companies who wish to operate in this region of the AG and a centre of excellence for the Oil and Gas companies working in the AG region.

AOS will be specifically targeting the major oil and gas producers as well as the prime contractors who are building offshore structures. AOS, with its proven capabilities in these fields believes that it has the required expertise and capabilities to make a significant impact on this market.

To assist AOS in this venture, the company has aligned itself with the Kvasir Group, based in Qatar, who will workg closely with AOS to promote the services of the company through its offices in Doha, similarly AOS will be marketing its services to operators in Saudi Arabia, Kuwait and the UAE.

Chris Potter has been appointed the new CEO of AOS and will be assisted by Peter Thornton, ASRYMAR Sales and Marketing Director for the new venture.