AUS$ 60 million contracts in Asia Pacific

A solid start to the year has resulted in Viking SeaTech securing contracts worth US$ 60 million AUD in the Asia Pacific region.

Collaboration between the company’s offices and operational bases in Australia, Singapore and Indonesia contributed to the success. The new work will take place in waters off Australia, India, Indonesia, Philippines and the Timor Sea between 2013 and 2016.

The region has defied the global economic downturn and continues to see strong growth. Total capital investment by oil and gas operators in the APAC region in 2012 was US$ 128 billion. This was a third higher than in 2008 according to the EY global oil and gas reserves study 2013. 

Chris Forde, Viking SeaTech managing director, Asia Pacific, said: “The Asia Pacific market has gained strength despite tough financial conditions globally. This offers new and exciting possibilities that were previously inaccessible to many operators and service companies.  

“Viking SeaTech is well placed in this region. Our strong teams and access to an extensive fleet of equipment located throughout Asia Pacific have allowed us flexibility and given us the ability to greater meet our clients demands.”

The company aims to continue to grow its market share for the provision of marine engineering, marine riser analysis, mooring equipment, inspection and Survey services.

Mr Forde added: “We are well established in Asia Pacific, the integrated approach that we have adopted in the region is appreciated by the local client base. This approach is one that Viking SeaTech is also proud to offer around the globe in key strategic areas such as Europe, Africa and the Americas.”

Adapted from a press release by David Bizley

Read the article online at: https://www.oilfieldtechnology.com/drilling-and-production/09062014/aud_60_million_aud_contracts_in_asia_pacific/