Cortez Subsea Secures New Contracts in North Sea

Rapidly-growing subsea services and technology products company Cortez Subsea has secured £1.5million of contracts across its range of pipeline installation and decommissioning services following a successful start to Q3 of 2013.

The Aberdeen-based firm has completed the first phase of work on a North Sea FSPO reinforcement programme for contractor DOF Subsea.

The £1million contract, for the provision of a powered reel drive system, tensioner and personnel for umbilical and flexible riser installation, includes a second phase which is due to begin later this year.

Cortez Subsea has secured a further contract for the recovery and decommissioning of three flexible production flowlines for Stork Technical Services.

The work, from the vessel Siem Stork for operations in the Central North Sea, is scheduled to complete in September 2013.

The wins come at a time of expansion for Subsea Cortez. The company has made significant investment in new equipment and technologies in the last 12 months, in addition to a new office complex to facilitate the growth of its employee base from 20 to 40 this year.

Managing director Alasdair Cowie said: “Since our formation in 2010 we have steadily built a reputation for being a dynamic, diverse and value-adding company capable of bringing technical, operational and commercial innovation to the marketplace.

“These contracts not only demonstrate the breadth of our capabilities from production start-up to decommissioning, as significant pieces of work with new clients they also solidify growing status as subsea services and technology specialists.”

Cortez Subsea provides a range of subsea services and products to UK and international clients in the offshore energy industry. The company currently works in collaboration with FlexTech Engineering, DeepTech Oil Services, Offshore Technology Solution Ltd, and MCS to provide a broad range of specialties to its clients.

Press Release, September 16, 2013