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DeepOcean digs even deeper for new venture

21/02/2014 by

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DeepOcean has entered into a ‘strategic alliance’ with geotechnical engineering and offshore drilling company Geoquip Marine AG

Subsea trenching specialist DeepOcean is aiming to be a market leader in a new sector.

The company, which employs around 120 at its Darlington office, has entered into a “strategic alliance” with geotechnical engineering and offshore drilling company Geoquip Marine AG.

It has acquired its own geotechnical drilling rig and bosses say the company has the potential to become a leader in the sector.

The partnership will see the two companies provide geotechnical services including seabed drilling and testing in the Greater North Sea and worldwide.

The seabed has to be able to withstand the weight and applied loads of man-made structures such as oil rigs.

New fields are being developed at greater distances offshore and in deeper waters, as oil and gas reserves closer to shore are gradually depleted – yet there isn’t enough competition in the area of geotechnical service provision, bosses have claimed.

DeepOcean CEO Bart Heijermans said: “The offshore geotechnical services market is under-supplied.

“DeepOcean through its strategic alliance with Geoquip, and its relationships with key customers worldwide, is well positioned to become a preferred provider and a viable alternative to the current segment leader in the Greater North Sea.

“We have several vessels in our fleet of 14 owned and chartered vessels that can deploy the geotechnical drilling rig, and we are targeting a number of opportunities in the offshore renewables and oil & gas sectors”

This article has been extracted from http://www.gazettelive.co.uk, please click on this link to read the article in full http://www.gazettelive.co.uk/business/deepocean-digs-even-deeper-new-6730446

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