Claxton, Oceaneering enter decommissioning agreements

March 17, 2022
Acteon subsidiary Claxton has an agreement to acquire decommissioning personnel and assets from Oceaneering.

Offshore staff

GREAT YARMOUTH, UK – Acteon subsidiary Claxton has an agreement to acquire decommissioning personnel and assets from Oceaneering.

From the anticipated closure date March 30, certain Oceaneering staff in Norway will transfer to Claxton, along with equipment assets including well and pile abrasive cutting and recovery systems and associated tooling, conductor drilling, pinning and cutting systems, diamond wire saws, dredges and various ancillary items.

Initially the equipment will initially be deployed from Acteon’s bases in Norway, Dubai and Aberdeen.

In addition, Oceaneering is establishing an arrangement under which Claxton will provide services to support the company’s programs, potentially including its multi-client decommissioning campaigns.

“This deal enables us to strategically focus on our integrated vessel solutions offering, which include our multi-client Rig Chase and vessel-based well plugging and abandonment campaigns, while ensuring access to decommissioning services through a partnership and new master services agreement with Claxton,” said Luke Pirie, director, Offshore Projects Group, Oceaneering.

03/17/2022