Xodus, Saipem, Chiyoda form new subsea company

International energy consultancy Xodus Group launched a global subsea engineering company in partnership with oil and gas contractor Saipem and mid and downstream oil and gas giant Chiyoda Corporation.

The new organisation plans to challenge the largest tier-one subsea engineering companies for a share of the global market. It will be headquartered in London and have a presence in several cities across Europe, Africa, the Americas, Middle East and Asia Pacific including eight dedicated engineering centres in priority energy locations.

Photo courtesy of Xodus Group

Xodus Subsea engineering services will take a unique approach to technical subsea challenges by bringing together Xodus Group’s front end engineering capability, Saipem’s turnkey engineering, procurement, construction and installation expertise and Chiyoda’s experience in managing large-scale international projects. The company will offer a wealth of technical subsea expertise and also have access to more than 1,000 multidiscipline engineers through the partner companies.

Matt Kirk, Americas’ regional director for Xodus Group will take up the new position of Xodus Subsea managing director with other key positions in the leadership team being filled by managers from all three companies.

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