Industry News - New & Expanding Business - Rotech Subsea secures first contract from Singapore baseRotech Subsea secures first contract from Singapore base by: OilOnline Wednesday, April 30, 2008
Mass-flow excavation (MFE) specialists Rotech Subsea has announced the first contract secured from its recently opened Singapore base.
The company, which operates a unique and patented range of T tools, has signed a deal with offshore contracting specialists TS7 valued in excess of $500,000 to perform trenching services for a project in New Zealand. There are also opportunities with TS7 for additional workscope in the region.
The company's T4000 spread will be sent to the project, along with Senior Technicians supplied from both the Singapore and UK bases.
Regional Manager Barry Silver is delighted with the progress of the first month's operations.
Barry said: "I was always confident that this was the right time for Rotech Subsea to establish itself in this extremely active marketplace, but landing our first contract so soon after opening is a fantastic start for the team here".
"We have enjoyed good relations with TS7 in the past and we are looking forward to working with them again."
Rotech Subsea had a presence in the region for almost four years, previously with a dedicated Asia-Pacific representative and more recently serviced from the Aberdeen base. But establishing an office in Singapore's Orchard Road and storing three of its tools at the Loyang Offshore Supply Base will allow Rotech Subsea to respond to clients within hours rather than weeks.
It is expected there will be 20 employees within 18 months. It also services the Australian market but there are plans to open a case in Perth, Western Australia, should expected demand be met.
Click here for more of Today's News Headlines

New & Expanding Business Sponsored by Cameron
|