DeepOcean expands into the US GoM with acquisition

DeepOcean has acquired Delta SubSea LLC.

Offshore staff

HAUGESUND, Norway and HOUSTONDeepOcean has acquired Delta SubSea LLC.

Delta SubSea is a provider of inspection maintenance and repair (IMR) and light construction services with a strong focus on the US Gulf of Mexico and US-based customers with international operations such as West Africa, Trinidad & Tobago, and Guyana.

The company owns and operates 10 Schilling manufactured remote operated vehicles (ROVs) from its operating base in Montgomery, Texas.

The entire ROV fleet is currently mobilized on a fleet of six subsea construction vessels of which four are Jones Act complaint.

This acquisition will allow DeepOcean to expand its current operations in the Mexican segment of the GoM into the US segment of the GoM. Delta SubSea will also be DeepOcean’s vehicle for offshore renewables projects in US waters.

Scott Dingman, president of Delta SubSea, said: “… Going forward we will be able to offer our clients a broader set of comprehensive engineering and subsea services in a significantly broader geographic context. Delta SubSea’s track record and experience will be complemented by DeepOcean’s experience in SURF, trenching and power cable installation, larger scale projects, project management, and engineering capabilities…”

The parties have agreed not to disclose the purchase price.

04/23/2018

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