Boskalis Scores £100M in North Sea

Business & Finance

Boskalis Subsea Services said it has been awarded over £100 million worth of contracts in the North Sea over the last six months.

Pic Simon Price/Firstpix

These include the Total Tyra redevelopment project, an inspection, repair and maintenance (IRM) campaign for Repsol Sinopec, a decommissioning contract with Spirit Energy, a scale squeeze scope for Premier Oil’s Huntington field.

Headquartered in Aberdeen, Boskalis Subsea Services – part of Boskalis’ offshore energy division – serves the UK, Norwegian and Canadian markets, with contracts in the rest of the world managed from Boskalis’ Papendrecht head office.

As a result of these contract awards, the company has created around 30 new jobs since February, bringing the total workforce in Aberdeen up to more than 80. They have booked 750 vessel days with their bespoke dive support vessels, the BOKA Atlantis, BOKA DaVinci and BOKA Constructor for 2019. A further 1,000 days are booked for 2020 and beyond, with more than 600 coming from an IRM project in the Middle East.

The subsea services firm has also taken more space at its new purpose-built offices in Westhill, Aberdeenshire. The ten year lease is now for 8,565 square feet over two floors with capacity to accommodate planned, future growth.

Stuart Cameron, managing director of Boskalis Subsea Services, said: “As predicted in a recovering market, the major players are going after the larger contracts and there is a natural space for a more agile, responsive service that is committed to the highest standards in health, safety, quality and environmental performance along with first class project execution.

“With our 30 year’s diving legacy, can-do culture and experienced personnel, we are able to work flexibly to provide solutions for our customers and challenge the norm for subsea EPIC and IRM delivery. We are continually developing fit-for-purpose, cost-effective and safe ways of tackling underwater construction, inspection and repair.”

In addition to the recent contract awards, Boskalis has also secured Master Service Agreements with most of the operators in the North Sea and is well on its way to becoming an established and recognised subsea engineering and construction partner in the UK, Norway and Canada.