Boskalis Subsea secures new North Sea contracts worth over $126 million
- Business & Finance
Boskalis Subsea Services has been awarded a clutch of contracts, totaling in excess of £100 million ($126.1M), in the North Sea over the last six months.
Boskalis Subsea said on Friday that these include the Total Tyra redevelopment project, an inspection, repair and maintenance (IRM) campaign for Repsol Sinopec, a decommissioning contract with Spirit Energy, a scale squeeze scope for Premier Oil’s Huntington field.
Headquartered in Aberdeen, Boskalis Subsea Services – part of Boskalis’ offshore energy division – serves the UK, Norwegian and Canadian markets, with contracts in the rest of the world managed from Boskalis’ Papendrecht head office.
As a result of these contract awards, the company has created around 30 new jobs since February, bringing the total workforce in Aberdeen up to more than 80. They have booked 750 vessel days with the dive support vessels, the BOKA Atlantis, BOKA DaVinci and BOKA Constructor for 2019. A further 1,000 days are booked for 2020 and beyond, with more than 600 coming from an IRM project in the Middle East.
The subsea services firm has also taken more space at its new purpose-built offices in Westhill, Aberdeenshire.
Established in Aberdeen four years ago as a sales office, Boskalis Subsea Services set up its operation center in the Granite City in the third quarter of 2018. The company is aiming to fill a gap in the market for a smaller, nimbler subsea construction company with a focus on construction work and inspection, repair and maintenance.
Stuart Cameron, managing director of Boskalis Subsea Services, said: “As predicted in a recovering market, the major players are going after the larger contracts and there is a natural space for a more agile, responsive service that is committed to the highest standards in health, safety, quality and environmental performance along with first class project execution.”
In addition to the recent contract awards, Boskalis has also secured Master Service Agreements with most of the operators in the North Sea.
Cameron added: “Last year, Boskalis decided to give the UK more focus which has driven the growth in Aberdeen, where we are able to offer our customers diving services, SURF delivery and, of course, specialist IRM solutions.”
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