Reef Subsea restructures into three independent businesses
Reef Subsea is reorganizing to create three independent companies: Reef Subsea, X-Subsea, and Technocean Subsea.
BERGEN, Norway – Reef Subsea is reorganizing to create three independent companies: Reef Subsea, X-Subsea, and Technocean Subsea. The companies will have separate management and independent strategies.
Reef Subsea, to be headquartered in Thornaby, northeast England, will continue to focus on the laying and burial services of subsea cables to all energy industries under the leadership ofCEO Duncan MacPherson.
X-Subsea, which will replace the Reef Subsea Dredging and Excavation brand, is headquartered in Houston. With operations in UK, Norway, Singapore and theMiddle East, the company will continue to focus on precision dredging and excavation led by Managing Director Jason Miller.
Technocean Subsea, headquartered in Bergen, and led by Managing Director Arne Riple. It will replace the Reef Subsea Integrated Projects brand to focus onsubsea inspection, maintenance, and repair (IMR) and construction and build on its success and growth in the North Sea and West Africa.