James Fisher Subsea Excavation (JFSE), part of James Fisher and Sons, has formed a joint venture with Ocean Team Asia Pacific (OTAP), a specialist Chinese offshore project, vessel and marine equipment provider.
James Fisher Ocean Team has been formed to provide an enhanced service to clients in China.
As well as developing opportunities in the oil and gas sector, the new company will be focused on establishing M/CFE as a time and cost-effective solution for projects in the developing offshore renewables sector.
Richard Beattie, regional director Asia Pacific at JFSE, said: “Establishing this new venture shows our level of commitment to clients in China and significantly enhances the services we can provide. We are confident our M/CFE tools and expertise will play a vital role in increasing the time and cost-efficiencies on a wide range of projects emerging in the oil & gas and renewables sectors.
“China is an important and growing marketplace. Increasing our presence here is part of our strategic development plan for the continued growth of our business. We are delighted to have officially joined forces with OTAP.”
Roger Wang, CEO of OTAP, added: “This is an important step for us to increase and enhance how we can develop JFSE’s M/CFE offering in China. Establishing a local company, contacts and equipment base in China is vitally important to truly realize the potential of our growing marketplace.”