Proserv Successfully Delivers Opening Phase of Record Contract

Source: www.gulfoilandgas.com 5/6/2015, Location: South America

Proserv has successfully completed the first phase of one of its largest contracts yet to provide subsea control systems for deepwater projects in Brazil.

The firm has delivered the initial three of nine control systems that will support drill pipe riser (DPR) intervention services at depths of 2500 metres. The work forms part of a $40million (approx £24m) deal with a leading oilfield service company. The remaining six systems are expected to be delivered by the turn of the year in line with key project milestones.

David Lamont, Proserv’s chief executive officer, said: “We are delighted to have completed the opening stage of this contract award which is testament to the hard-work, expertise and experience of our global project teams.

“From our subsea controls experts in Great Yarmouth - who are responsible for the overall project execution, engineering and build of the control systems - to the delivery of the first accompanying hydraulic power units by our dedicated manufacturing facility in Johor Bahru, Malaysia, this success demonstrates the international collaboration across the business to deliver best in class technology and service.”

The project reinforces Proserv’s rapidly evolving global footprint and market-leading position through exporting some of the most technically-advanced subsea equipment to clients around the world.

Proserv’s DPR control system is the first of its kind for the offshore industry. The product incorporates deepwater electro-hydraulic installation and workover controls for supporting the manipulation of all subsea operations, the tubing hanger running tools and surface test trees. The systems all feature Proserv’s Artemis 2G, a next-generation subsea electronics module which has been specifically designed to suit challenging environmental and operational conditions.

Proserv, which operates worldwide through 29 operating centres based in 11 countries, has a 40-year track record in delivering world-class solutions for the energy industry, particularly in the drilling, production and subsea market sectors.

The company has won a string of industry awards in recognition of its people and outstanding achievements. Most recently, Proserv was named Great Large Company at the Society of Petroleum Engineers’ Offshore Achievement Awards in March. The accolade came shortly after Proserv was crowned Company of the Year at the 2015 Subsea UK Awards while just weeks before, two of Proserv’s promising young employees were recognised for their outstanding achievements at the 2015 Oil & Gas UK awards.

For more information about related Opportunities and Key Players visit Brazil Oil and Gas Projects


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