Boskalis Subsea Services seals $126m contracts in North Sea

Boskalis Subsea Services has sealed a clutch of contracts worth in excess of GBP100m ($126m) for subsea jobs in the North Sea over the last six months.

The contracts include Total Tyra redevelopment project, an inspection, repair and maintenance (IRM) campaign for Repsol Sinopec, a decommissioning contract with Spirit Energy, a scale squeeze scope for Premier Oil’s Huntington field.

Aberdeen-headquartered Boskalis Subsea Services said these contracts have led to the company creating around 30 new jobs since February, bringing the total workforce in Aberdeen up to more than 80.

The company has booked 750 vessel days with their bespoke dive support vessels, the BOKA Atlantis, BOKA DaVinci and BOKA Constructor for 2019. A further 1,000 days are booked for 2020 and beyond, with more than 600 coming from an IRM project in the Middle East.

The subsea services firm has also taken more space at their new purpose-built offices in Westhill, Aberdeenshire. The 10-year lease is now for 8,565 square feet over two floors with capacity to accommodate further growth.

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“As predicted in a recovering market, the major players are going after the larger contracts and there is a natural space for a more agile, responsive service that is committed to the highest standards in health, safety, quality and environmental performance along with first class project execution,” said Stuart Cameron, managing director of Boskalis Subsea Services.

In addition to the recent contract awards, Boskalis Subsea Services has secured Master Service Agreements with most of the operators in the North Sea.

“Last year, Boskalis decided to give the UK more focus which has driven the growth in Aberdeen, where we are able to offer our customers diving services, SURF delivery and, of course, specialist IRM solutions,” Cameron said.

Posted 03 June 2019

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Lee Hong Liang

Asia Correspondent

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