Greatship and DOF form Joint VentureNews // September 9, 2008
Greatship (India) Limited in India and DOF Subsea in Norway
have announced the signing of a joint venture agreement.
The joint venture, to be named Greatship DOF Subsea Pribate Limited will focus on subsea project opportunities in the Indian subcontinent.
Steve Brown, CEO of DOF Subsea, said: “DOF Subsea is delighted to form this key joint venture with Greatship. Together with Greatship we are committed to building a substantial player in the offshore subsea projects market.”
Ravi Sheth, managing direcrtor of Greatship (India) Limited, said: "We are excited about Greatship’s joint venture with the world’s leading subsea project company. We are very bullish on the prospects of offshore oilfield development off the East Coast of India and we expect the JV to be a leading player in the subsea construction domain.”