Bibby Subsea Bags GoM Decom Project

  • Business & Finance

Bibby Subsea, through its strategic alliance with Aqueos Corporation, has secured a multi-million dollar decommissioning project in the Gulf of Mexico for an undisclosed oil company.

The work will be undertaken during the first half of 2016 and the DSV Bibby Sapphire will relocate to the Gulf of Mexico during December 2015 to work on this project.

Howard Woodcock, Chief Executive of Bibby Offshore, commented: “North America remains a focus for our international expansion. We have a clear commitment to this region and will continue to develop our strategic alliance with Aqueos Corporation. The contract win announced today is a direct result of our strategic alliance with Aqueos, as well as Bibby Offshore’s successful and long standing track record with the leading international oil company. The broader market remains challenging, but this new project demonstrates and endorses our ability to secure contracts in a highly competitive market.”

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