DeepOcean boosts GOM presence through Delta Subsea acquisition

  • Business & Finance

Dutch company DeepOcean has acquired Delta SubSea, a U.S. IMR and ROV subsea work specialist, for an undisclosed fee.

Delta Subsea owns and operates ten Schilling manufactured Remote Operated Vehicles (ROVs) from its operating base in Montgomery, Texas. The company delivers IMR and construction support services to oil companies in the U.S. Gulf of Mexico, West Africa, Trinidad & Tobago, and Guyana.

According to a DeepOcean statement on Thursday, the entire ROV fleet is currently mobilized on a fleet of six state-of-the-art subsea construction vessels of which four are Jones Act complaint.

Commenting on the acquisition, Ottar K. Mæland, DeepOcean’s interim CEO said: “The GOM is a key region for DeepOcean and owning and expanding a platform for the provision of life-of-field subsea services to our customers is one of our main strategic objectives.

“This acquisition will allow DeepOcean to expand its current operations in the Mexican segment of the GOM into the US segment of the GOM. Delta SubSea will also be DeepOcean’s vehicle for offshore renewables projects in US waters,” he said.

Scott Dingman, President of Delta SubSea stated, “I view this as a great opportunity to continue to build on the successes of Delta SubSea and DeepOcean. Going forward we will be able to offer our clients a broader set of comprehensive engineering and subsea services in a significantly broader geographic context.

“Delta SubSea’s track record and experience will be complemented by DeepOcean’s experience in SURF, trenching and power cable installation, larger scale projects, project management and engineering capabilities. It is a very exciting time at Delta for all of us and we are looking forward to the expanded services that this acquisition allows Delta SubSea to offer to our clients.”

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