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The contract was awarded by Dana Petroleum and will be executed by Ocean Installer’s office in Aberdeen, UK, with engineering work beginning immediately and offshore operations scheduled for 2Q20.
Aquaterra Energy marks 12 months of significant growth in Aberdeen.
The three-day exhibition and conference, Subsea UK’s flagship annual event, with the theme of “New Perspectives” will focus on exploiting the Blue Economy, the energy transition and cross-sector collaboration to capitalise on emerging opportunities.
Located at the company’s Kirkbymoorside base in North Yorkshire, UK, the pressure test tank is one of the largest in Europe and provides a well-located facility for the critical testing of subsea equipment.
The granting of supplementary patents expands the company's technology portfolio and further strengthens its offering to the global subsea market.
The black-tie event will take place on 12 February 2020 at P&J Live in Aberdeen, UK, during Subsea Expo – Europe’s largest subsea focused exhibition and conference.
The well management and performance improvement company posted its annual results (year end to 28 February 2019), reporting that pre-tax profit has increased from £365 000 to £2.3 million.
Entries are open to all UK-registered companies within the oil and gas and renewables sectors.
The contract scopes will see the company providing two North Sea operators with the intelligence they need to make decisions about the removal of items from the seabed, reduce ad-hoc engineering and minimise time spent offshore.
The company recently received two prizes at the Energy Industries Council (EIC) national awards and was awarded the ‘Inspiration from Innovation’ gong at the Northern Star Business Awards.
The offshore equipment firm has expanded into a new workshop where it will manufacture and then deliver its equipment throughout the Eastern Hemisphere.
The vehicle is the first of a new generation of electric observation class ROVs