Norway-based DeepOcean has completed the 100% acquisition of Shelf Subsea, expanding its geographic reach into Asia-Pacific and the Middle East. This strategic move merges two companies with similar maritime services but complementary regional strengths, forming a global provider of subsea solutions.
The Shelf Subsea acquisition and expansion strategy
With headquarters in Australia and operations in countries such as Saudi Arabia, Malaysia and Indonesia, Shelf Subsea brings to DeepOcean a consolidated operational network in the Eastern Hemisphere. This integration will enable the company to offer subsea inspection, maintenance, recycling and construction services with increased capacity and regional coverage.
By combining, we will provide customers around the world with access to a complete set of expertise and capabilities.
We look forward to integrating our leading technology and innovative solutions with Shelf Subsea’s operations in the APAC region, as well as gaining valuable learnings from its leading project model.
Øyvind Mikaelsen, CEO of DeepOcean.
DeepOcean will bring to the region its expertise in ocean engineering, project management, proprietary tools and a fleet equipped with remotely operated vehicles(ROVs). These resources will be integrated with Shelf Subsea’s existing infrastructure, which operates three dive support vessels and a variety of subsea intervention systems.
The Asia-Pacific and Middle East markets have a growing demand for IMR solutions and subsea infrastructure decommissioning technologies. With this merger, DeepOcean seeks to position itself as a leader in these sectors by integrating technical capabilities, geographic coverage and local knowledge.
I believe the strong industry and geographic alignment between Shelf Subsea and DeepOcean is evident.
The combined group will be able to offer customers a more flexible and integrated set of services.
In addition, we look forward to accessing DeepOcean’s autonomous technologies and remote operations solutions, which will undoubtedly bring value to our customers in the Asia-Pacific and Middle East regions.
Colin McGinnis, executive director of Shelf Subsea.
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Source and photo: DeepOcean
