articles of interest, page-6

maybe something we can look forward too......
or do they even fit lange's expansion plans for the north sea !!!

SubOcean plans to double size in 2 years

SCOTT REID

A FLEDGLING sub-sea installation specialist is aiming to double in size within two years after flagging annual turnover of £17 million.

Aberdeen-based SubOcean Group, formed in 2005, said it had seen turnover more than double in the past six months and was on track to achieve the £17m target at the end of this year.

With 40 people now employed onshore and a personnel supply workforce of 150 offshore, the firm is aiming to double the business again in the next 24 months.

SubOcean's expansion comes amid a buoyant energy services industry, as oil and gas explorers are being forced to search further afield and invest more to find new reserves.

Recent contract wins in the offshore wind renewables market and major overseas deals have also contributed to SubOcean's growth, the firm added.

Director Mike Daniel said the company had just completed its first US contract, for Horizon Offshore, to help deliver an offshore gas loading system in Boston.

The Scots firm will assist in trenching a pipeline - allowing tankers to pump gas without entering the city's harbour.

"We have demonstrated how we can recommission and modify existing kit such as pipeline ploughs so that the trenching on the seabed can be carried out remotely," noted Daniel. "Essentially we have transferred our experience gleaned in the North Sea for use on this project."

As well as supplying offshore management personnel, divers and subsea equipment operators, the group hires out specialist equipment to major contractors.

This article: http://business.scotsman.com/utilities.cfm?id=1542242007