Cortez Subsea Inks Exclusive Contract with MCS

Subsea services and technology products company Cortez Subsea announced an exclusive contract with Egyptian information solutions firm, MCS.

MCS has been developing and providing data acquisition and management software services for underwater inspection to meet the needs of oil and gas companies for 14 years. The agreement means the Aberdeen-based business is the only licensee to distribute and operate MCS software in the European Union and Africa.

Managing Director Alasdair Cowie said: “The demand for subsea inspection services is growing. Together with our collaboration partners, we offer a different solution to our customer base. Our objective is to maximize the efficiency of offshore inspection operations by applying proven data management and processing technology with ROV and survey capability and consequently reduce the operating costs to the operator to perform their pipeline or structure inspection.

“We can now provide full MCS data processing, reporting and management capability directly to subsea contractors and operators. Ultimately, this means less people, less cost and fewer complications.”

Cortez successfully used MCS products on the Repsol Investigaciones Petroliferas S.A Montanazo and Lubina project offshore Spain in 2012.

CEO of MCS, Wael Bakr said: “Our systems are the dominant underwater inspection solution used in Egypt and the Middle East. Our partnership with Cortez means subsea contractors and operators in the UKCS and Europe now have direct access to our products under the management and operations of Cortez.

“Our products have been successfully proven as cost effective and efficient in many pipeline inspection surveys and we look forward to seeing them adopted globally.”

Cortez Subsea provides a range of subsea services and products in installation, inspection, intervention and decommissioning to UK and international clients in the offshore energy industry.

The company works in collaboration with a number of partners to provide a broad range of specialties to its clients.

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Press Release, June 20, 2013