AquaTerra buys subsea engineering and technology provider

Feb. 26, 2020
AquaTerra Group has acquired the trade and assets of SETS.

Offshore staff

ABERDEEN, UK – AquaTerra Group has acquired the trade and assets of SETS.

Formed in 2011, SETS is a focused primarily on conductor inspection and integrity, repair and maintenance. The company designs, manufactures, and implements remotely operated tooling to facilitate conductor cleaning and inspection, and repair clamp and shim installation.

The acquisition increases AquaTerra’s headcount to more than 120 and provides a suite of additional equipment and capabilities. 

SETS’ engineering team also brings intervention technology that is designed for splashzone and subsea conductor and caisson IRM operations. Remotely operated by multi-disciplined topsides team on the platform, the technology removes the need for diver support, which reduces time and cost.

Peter Robinson, AquaTerra Group’s managing director, said: “This acquisition means AquaTerra is now able to provide expert conductor and caisson intervention services both above and below the waterline.”

The acquisition builds on the company’s technology development focus, which includes an ongoing project with the Oil & Gas Technology Centre to develop AquaShim, a composite stabilization system for conductors.

Also, the company is currently involved in the removal and repair of more than 40 conductors and caissons in the North Sea.