Cash injection for subsea intervention specialist
Enpro Subsea has secured financial support from EV Private Equity.
ABERDEEN, UK – Enpro Subsea has secured financial support from EV Private Equity.
The company, formed in 2011, is currently working on projects offshore the UK, West Africa, and in the Gulf of Mexico.
It aims to further develop its patentedflow access module (FAM) technology and to build up its flow intervention services (FIS) and decommissioning capabilities.
According to managing director Ian Donald: “The funding will support the expansion of the FAM production and intervention system which enables capital efficient, future proof, and flexible field development using standard subsea hardware.
“Additionally, Enpro will accelerate global deployment of the FIS hydraulic intervention rental system targeted at high-pressure, deepwater fields.”