Subsea services and technology products company Cortez Subsea has secured contracts worth GBP 1.5m across its range of pipeline installation and decommissioning services in 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 GBP 1m contract for the provision of a powered reel drive system, tensioner and personnel for umbilical and flexible riser installation includes a second phase that is due to begin later this year.
Cortez Subsea has secured another 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 be completed in September 2013.
In line with the new contracts, 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, “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.”