Tekmar Energy Limited (TEL) and Subsea Innovation Limited (SIL) have signed a partnership agreement. The companies will collaborate on sales, product development and strategic initiatives for cost and risk reduction in both cabling equipment and pipeline ancillaries.
SIL is a company that focuses on the design and construction of specialist equipment for oil and gas, marine, offshore and subsea environments.
Its projects include the design and construction of installation and decommissioning equipment and the award of a multimillion pound contract from Subsea7 for emergency pipeline repair systems (EPRS).
The new partnership has been signed to develop solutions for offshore cable and SURF installation/manufacturing equipment, advanced pipeline repair systems and subsea sealing solutions, SURF and cable protection solutions and tooling for offshore installations.
James Ritchie, CEO of Tekmar Group, said: “Both [the oil and gas and offshore wind] sectors now face the same key challenge in price pressure and need to see cost and risk reduction to ensure sustainable demand. […] we intend to leverage our customer and cabling experience with SIL to develop new tools and equipment to support this challenge.”
Dave Thompson, Managing Director of SIL, added: “Partnering with TEL to strategically develop new products and services for clients in these challenging times is the right collaboration needed to ensure value within the supply chain.”
Adapted from press release by Anna Nicklin
Read the article online at: https://www.worldpipelines.com/contracts-and-tenders/15092016/subsea-innovation-partners-with-tekmar-energy/