Aqualis Offshore to move Saudi Aramco’s jack-ups

Business & Finance

Aqualis Offshore, part of Aqualis ASA, has signed a rig moving services contract with Saudi Aramco, a national oil and gas company of Saudi Arabia.

Aqualis Offshore to move Saudi Aramco's jack-ups

The contract value is undisclosed. Under the deal, offshore marine and engineering consultancy Aqualis Offshore will provide offshore rig moving services over the next three years for Saudi Aramco’s jack-up rigs operating in the Arabian Gulf.

“We may be a young company, but our team consist solely of highly experienced personnel with 10-30 years’ offshore experience. This experience has secured this prestigious and strategically important contract,” says David Wells, CEO of Oslo-listed Aqualis ASA.

Aqualis Offshore will support Saudi Aramco with rig moving services and personnel from Aqualis Offshore’s offices in the Middle East region.

Since starting operations in 2013, Aqualis Offshore has already set up operations in ten countries worldwide. The company has offices in London, UK (HQ); Sandefjord, Kristiansund and Oslo, Norway; Houston, USA; Rio de Janeiro, Brazil; Mexico City, Mexico; Singapore; Shanghai, China; Abu Dhabi and Dubai, UAE; Bahrain; and Dammam, Saudi Arabia.

Aqualis Offshore is a specialized marine and offshore engineering consultancy focusing on the shallow and deep-water segments of the offshore oil, gas and wind industries.

Aqualis Offshore’s contract party is Aqualis Offshore Marine Services LLC.

Press Release, September 17, 2014