Ashtead boosts rental fleet with Neptune agreement

Ashtead Technology has secured a deal with Neptune Oceanographics Limited, adding innovative underwater leak detection products to its rental fleet.

The world’s number one independent provider of subsea equipment rental, sales and services will now offer Neptune’s leak detection systems and sensors including long range fluorescence and passive acoustics for rent to customers.

Neptune Oceanographics is a global leader in subsea pipeline leak detection services. With a major research and development programme, Neptune ensures its products represent the latest advances in finding leaks underwater in a way that is cost-effective while not harming the environment.

Tim Sheehan, Commercial Director of Ashtead Technology, said: “With billions invested in installing subsea infrastructure around the world, inspection, repair and maintenance of pipelines becomes increasingly important. As part of the need to ensure pipeline integrity, periodic inspections deploying leak detection systems alongside other tools are required to identify and prevent problems. Neptune’s best-in-class leak detection systems are therefore a welcome addition to our rental fleet.”

The deal with Neptune comes as Ashtead Technology ramps up its efforts to add technology and services which help customers reduce cost and increase efficiency.

Sheehan added: “Our industry must address the underlying cost base and efficiency challenges and, at Ashtead, we are striving to play our part by helping our customers to drive down costs and increase efficiency. Today’s announcement follows our introduction of a proprietary web based portal called Aperto which offers major savings and efficiencies in how subsea companies order, track and monitor subsea equipment rentals.”

From its offices in the UK, Houston and Singapore, with agents in Abu Dhabi, Perth (Australia) and Stavanger, Ashtead Technology will promote and supply Neptune’s leak detection equipment to a global market, providing customers with access to a range of fluorescent, acoustic, methane and hydrocarbon detection tools.

Following the acquisition of a substantial shareholding in Neptune by Norway based subsea equipment and services company, Innova, a comprehensive R&D programme was launched for further development of leak detection technology. Ashtead, which already has an established partnership with Innova will support market expansion of global subsea pipeline leak detection services whilst providing valuable access to the market and further strengthening its global links.

Adapted from press release by Hannah Priestley-Eaton

Read the article online at: https://www.worldpipelines.com/business-news/27052015/ashtead-boosts-rental-fleet-with-neptune-agreement/