IEV Nets Five New Subsea Contracts

IEV Holdings Limited has secured five new contracts under its Subsea Solutions Business Unit (SSBU) for the provision of structural pile grouting and free span correction (FSP) services.

The contracts are valued at approximately USD2.2 million.

IEV International will undertake the grouting of one platform in Argentina and free-span correction services in India, while IEV Malaysia will undertake the grouting of two platforms and free-span correction services on pipelines in Malaysian waters.

To date, IEV has grouted over 60 fixed structures and completed over 25 FSP projects to support the installation of offshore platforms and pipelines throughout Asia.