Ocean Installer sets up in Brazil

  • Business & Finance

Norway’s Ocean Installer has established an office in Brazil. According to the company, the market represents significant growth opportunities in the years ahead.

“We have seen the need to establish an office to serve the Brazilian oil and gas market. Brazil is a very interesting region and the ‘pre-salt’ reservoirs hold exciting opportunities for us,” says Ocean Installer CEO Steinar Riise.

Ocean Installer says it has experienced significant international growth during the last year and the office in Brazil is a reflection of this growth and will initially target projects for the local subsea support market.

The company further adds that it has seen an increasing demand of targeted vessels in the region and the short time frames in which accurate engineering solutions are demanded.

“We have already introduced our high capability vessel Normand Clipper to the region working for Saipem,” says Riise.

Ocean Installer has recently hired Marcelo Mendonca to lead the office in Rio de Janeiro, Brazil.

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