TSC and Offshore CC FZE Form Decommissioning Joint Venture

TSC Group Holdings, a product and service provider for onshore and offshore drilling industries, has entered into an agreement with Offshore CC FZE to establish a joint venture (JV).

The JV company, OIM, has been incorporated in Singapore and will have operations in Singapore as well as in Norway and the United Kingdom.

According to TSC, OIM derived its name from Offshore Innovations Management, which was founded by Oddgeir Indrestrand who originated the concept of a single jack-up solution capable of operating in the harsh North Sea environment with capability to combine Plug and Abandonment (P&A) operations on offshore oil wells and decommissioning platform removal, and installation if required.

“The JV’s objective is to provide a much needed cost effective and practical solution for a rapidly growing demand for P&A and decommissioning operations. OIM’s unique value proposition will enable TSC to be well positioned to gain early access to the vast and fast growing market for P&A and decommissioning market,” the company said in Hong Kong Exchange notice.

The JV will be held 70% by TSC and 30% OCC FZE. The JV will primarily function as the company which will market, operate and maintain the fit-for-purpose rigs designed by OIM for operations in the North Sea for several major oil companies.

Share this article

Follow Subsea World News

Events>

<< Oct 2019 >>
MTWTFSS
30 1 2 3 4 5 6
7 8 9 10 11 12 13
14 15 16 17 18 19 20
21 22 23 24 25 26 27
28 29 30 31 1 2 3

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.

More info

read more >

OCEANS 2019

OCEANS is the bi-annual event for global marine technologists, engineers, students…

read more >

OTC Brasil

The conference is organized by the Offshore Technology Conference (OTC) and Brazilian Petroleum…

read more >

Europort 2019

Europort, organised in the world port city of Rotterdam, will be the leading exhibition for special purpose vessels…

read more >