News | November 30, 2018

Subsea Innovation Announces Two High Profile Contract Awards

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Subsea Innovation Ltd, part of Tekmar Group plc, has announced two high profile contract wins with Royal IHC, as part of a collaborative framework agreement.

Subsea Innovation is a world leader in the design, manufacture and supply of complex engineered equipment and technology used in the offshore energy market.

Subsea Innovation will be supporting their client Royal IHC Limited on the design, development, manufacture and supply of back deck equipment on two projects to be completed throughout 2018 and 2019. For both projects, which include a reel lay project and a J lay project, Subsea Innovation will be producing a range of back deck equipment including Pipeline End Termination (PLET) manipulators, skids and workstations from concept through to delivery.

Dave Thompson, Managing Director at Subsea Innovation, said: “We have an excellent relationship with Royal IHC and our teams work extremely closely together. Taking a concept from a blank sheet of paper through to full fabrication, test and delivery is hugely exciting.”

Both projects will be designed from Subsea Innovation’s head office in Darlington; working in collaboration with Royal IHC Limited teams based in the UK and Netherlands.

In August 2018 Subsea Innovation was acquired by Tekmar Group plc.

James Ritchie, CEO at Tekmar Group plc, said: “When we added Subsea Innovation into the Tekmar Group we knew this brought new capabilities, markets and strong cross selling opportunities to the Tekmar Group; but we also knew their engineering team are very highly regarded and these two contracts really demonstrate this.”

Subsea Innovation Limited is one of Tekmar Group plc’s three primary operating companies; in addition to Tekmar Energy Limited and AgileTek Engineering Limited.

Tekmar Group’s vision is to become the partner of choice for the supply and installation support of subsea protection equipment to the global offshore energy markets.

Subsea Innovation is a world leader in the design, manufacture and supply of complex engineered equipment and technology used in the offshore energy market. Its products range from large equipment handling systems which operate on the back of installation vessels, pipeline repair clamps which protect major oil and gas pipelines, and equipment for the construction of offshore oil and gas projects. The business also has an extremely skilled engineering design team who develop world-leading concepts for some of the world’s most challenging and exciting projects.

For more information, visit https://www.subsea.co.uk/

About Tekmar Group
Tekmar Group plc’s vision is to become the partner of choice for the supply and installation support of subsea protection equipment to the global offshore energy markets. The Group has three primary operating companies; these are Tekmar Energy Limited, AgileTek Engineering Limited and Subsea Innovation Limited.

Tekmar Energy is a global market leader in subsea cable, umbilical and flexible pipe protection systems. Tekmar have been trusted to protect billions of Euros worth of assets in the offshore wind, oil & gas, wave, tidal and interconnector markets.

AgileTek Engineering is an award-winning subsea engineering consultancy. AgileTek de-risks offshore projects through advanced computer simulation and analysis.

Subsea Innovation is a global leader in the design, manufacture and supply of complex engineered equipment and technology used in the offshore energy market.

SOURCE: Subsea Innovation Ltd