Proserv prepares for expansion as new work comes in

Energy services company Proserv has secured contracts valued at more than $12 million so far in 2017 and has revealed plans to open new bases in Saudi Arabia and India.

Proserv said that the wins include a ‘significant contract’ with an unnamed global oil and gas operator for the delivery of a three-well subsea control system in Indonesia.

For an unnamed Middle East operator, Proserv will design, engineer and manufacture chemical injection systems while a decommissioning project was secured in the Far East for severing a platform from a subsea well.

Also, the Aberdeenshire-based company is continuing to expand, setting up a new engineering center in Chennai, India and a manufacturing and fabrication facility for surface production equipment and services in Dammam, Saudi Arabia.

The company added that it recently invested over $2 million in two new Multi-String Cutting (MSC) systems for well severance campaigns and that it intends to invest further in research and development of new technologies in 2017 with two new subsea tools set to launch in the first quarter of the year.