UK: Proserv Secures Two Subsea Contracts

Global-leading energy production technology services company Proserv has secured two major contract wins worth in excess of £6 million, underpinning the company’s fast-evolving international footprint.

The multi-million pound deals with two of the North Sea’s most foremost oil and gas operators will see Aberdeen-headquartered Proserv provide subsea control systems on both projects from its Great Yarmouth based facility.

One of the contract awards is for Maersk Oil UK to support the company on the Talisman-operated Clyde platform. Maersk is developing a 25km subsea tieback to the platform and Proserv is providing electro-hydraulic multiplex subsea control systems, along with its associated topside and subsea interface systems, as part of the workscope.

The second contract involves Proserv delivering topside and subsea manifold control systems support on a development in the Southern North Sea.

Proserv’s team of subsea controls experts, which has been significantly enhanced since the company acquired Weatherford’s Great Yarmouth headquartered Subsea Controls subsidiaries earlier this year, will play a key role in carrying out the work.

They will handle the provision of the electro-hydraulic multiplex subsea control systems which provides the client with the ability to control, manipulate and monitor their subsea wells from topside engineering workstations via market-leading data and communication systems.

The latest contract awards build on Proserv’s high-profile portfolio of clients and projects, and mirror the company’s global success through contracts with major operators in other international provinces including Scandinavia, the USA, Middle East, Far East and West Africa.

David Lamont, chief executive officer at Proserv, said: “Securing these contract awards demonstrates Proserv’s strong market-leading position and our track record for delivering value-added products and services on time and within budget as well as our continued investment in technologies and development of ingeniously simple solutions for the next generation.

“The contracts also further support our strategy for continued growth in existing and new markets, and helps reinforce our increasingly expanding global footprint. Our expertise and capabilities were greatly enhanced by the deal with Weatherford, especially having successfully managed a seamless integration of the existing controls team under the Proserv umbrella.”

Press Release, August 02, 2012

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