Subsea construction company wins first Middle East contractNews // July 31, 2008
Subsea installation company Subocean has been awarded its first contract in the Middle East. The Aberdeen-based company has won a US$13.5 million contract with PMS in Egypt to install 10 power cables for Saudi Aramco on a number of platform interconnections in Saudi Arabia.
The contract, which is expected to begin right away, with installation activities due to be started by April 2008, will take about nine months and involve cable lay works only. Subocean will be using its own cable lay equipment with the DP2 vessel EDT Ares to undertake the work.
Subocean’s operations director Mike Daniel says: “This is a very strategic contract award for us. We have recently been working on several high profile renewable energy contracts and have successfully transferred our knowledge and skills gained in the oil and gas sector to the emerging offshore wind renewables sector. However, oil and gas is still a priority sector for us and we are very keen to develop more oil and gas business both in the North Sea and overseas."
“The Middle East is a target area for Subocean, this being our first contract in the region and is therefore highly significant. Saudi Aramco were very impressed with our technical capabilities and we are looking forward to delivering the job effectively, on time and on budget.”