Blue Water Energy Buys Pipeline Welding Specialist

London-based private equity firm Blue Water Energy has acquired Pipeline Technique Limited (PTL), a provider of pipeline welding, field joint coating and spoolbase services to the energy industry, from Heerema Marine Contractors (HMC).

PTL is headquartered in Huntly, UK with additional worksites in the USA, Middle East, Brazil and South East Asia.

PTL has built a track record in the delivery of technically challenging solutions for offshore and onshore construction projects, ranging from ultra-deepwater and ultra-heavy wall thickness to fatigue sensitive pipelines.

The company has established relationships with the energy industry’s leading players and construction groups, having performed welding and coating services on major projects such as Appomattox (Gulf of Mexico), Kaombo (Angola) and Khazzan (Oman).

Martin Somerville, managing director of Blue Water Energy, said: “We are excited by the investment into PTL. The company has a very strong reputation and track record in the technically-challenging pipeline welding market and we have committed significant capital to support future growth.”

Patrick Boerkamp, CEO of PTL, said: “HMC has been a good owner of PTL since 2008 and supported us to build an impressive track record and develop new technologies and services tailored to offshore and onshore markets.

“We now look forward to the company flourishing as an independent welding and field joint coating service provider, capitalising on the significant market opportunity that exists.”

Pipeline Technique is the seventh investment in Blue Water Energy’s Fund II. Other companies include Aberdeen-based Rovop, the subsea robotics company, and Mime Petroleum, the Oslo-based NCS explorer.

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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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