Aibel and Reach Subsea has entered into a formal cooperation agreement for projects within subsea oil and gas, renewables, ship and rig repairs, as well as decommissioning of existing platforms/subsea structures or other offshore installations.
The two companies operate within the same market segments, but have different client bases and contracting approaches.
“The cooperation agreement will strengthen both parties’ ability to provide a more comprehensive and competitive product, qualifying us to take on projects we could not have executed alone,” said Aibel’s EVP Yard Haugesund, Bjørn Tollefsen.
“By efficiently utilising resources from both parties, we will be able to undertake complex projects requiring project management, engineering, fabrication, installation, MC (mechanical completion), commissioning, decommissioning and ROV marine services/operations”, he added.
Edited from press release by Angharad Lock
Read the article online at: https://www.oilfieldtechnology.com/offshore-and-subsea/19052016/aibel-partners-up-with-reach-subsea-642/