James Fisher Acquires Subsea Vision

James Fisher and Sons Plc (‘James Fisher’), the leading Marine Services business, announces the acquisition of the entire share capital of Subsea Vision for £2.5m.

Subsea Vision owns and operates remotely operated vehicles (ROV) providing underwater surveys, inspections and construction support to the oil and gas industry including floating, production, storage and offtake vessels. Subsea Vision adds to James Fisher’s marine support services division and will report to Fendercare.

Based in Dorset and established in 2002, Subsea Vision currently has five ROV systems in its fleet. Profit before tax in the year to 31 March 2013 was £0.4m. Net Assets at 31 March 2013 were £0.7m.

Nick Henry, Chief Executive Officer of James Fisher, said:

“The acquisition of Subsea Vision is a further step in our growth, providing niche specialist services for the offshore energy sector.”

E C Hambro Rabben & Partners has acted as corporate adviser to James Fisher and Sons plc.

Press Release, January 28, 2014; Image: Subsea Vision

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6th Offshore Well Intervention Conference Gulf of Mexico

The Offshore Well Intervention Gulf of Mexico conference (OWI GOM) is returning to Houston, Texas for its sixth year on Wednesday 20 – Thursday 21 November.

Featuring Anadarko, BP, Shell, Chevron, BHGE and Oceaneering, the conference aims to help operators transition to the latest compliance updates, WI systems and business models that enhance safety, quicken well access and improve commerciality.

Across two days, more than 200 delegates, 15 exhibitors and 30 speakers will network together and create solutions to some of the most pertinent industry challenges right now, through a conference programme focused on:

  1. Clarifying compliance updates
  2. Quicker well access and safer well control
  3. ​Understanding HPHT well intervention (systems)
  4. Forecasting well intervention activity, discussing new commercial models and comparing platform options
  5. Best practice riserless well intervention
  6. ​The latest well intervention equipment

For registration, speaking or sponsorship enquiries contact Abigail Clifton on aclifton@offsnet.com; +44 (0) 203 793 8800.

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