Deep Sea Mooring targets FPSO market with launch of Deep Sea Installation
Deep Sea Mooring, a supplier of mooring solutions and services for the offshore industry, is backing the launch of a new, specialist business, Deep Sea Installation, which will be dedicated to subsea installation solutions and will initially focus on the FPSO segment.
STRAUME, Norway–Deep Sea Mooring (DSM), a supplier of mooring solutions and services for the offshore industry, is backing the launch of a new, specialist business dedicated to subsea installation solutions. Deep Sea Installation (DSI), which will initially focus on the FPSO segment, is opening in Singapore with 12 staff members and an ambition to quickly establish itself in the key regional markets of Asia, West Africa, and Europe.
“The FPSO market is growing fast, with $99 billion forecast to be spent on floating production systems between 2014 and 2018,” said Åge Straume, CEO of Deep Sea Mooring. “This is creating real demand for installation expertise, and DSM recognizes the potential for a business focused on this niche.”
From its Singapore headquarters, the DSI team will offer services such as the hook-up of FPSO vessels, calm buoys and submerged buoys, alongside vessel positioning, towing and mooring line pull-in, and tensioning. In addition, DSI will provide an array of complementary services, such as the maintenance and repair of existing mooring solutions.