Norwegian mooring solutions and services firm Deep Sea Mooring (DSM) is backing a new, specialist business dedicated to subsea installation solutions. Deep Sea Installation (DSI), which will initially focus on the floating production, storage and offloading vessel segment, is opening in Singapore with 12 staff and an ambition to quickly establish itself in Asia, West Africa, and Europe.
“The FPSO market is growing fast, with US$99 billion forecast to be spent on floating production systems between 2014 and 2018*,” says Åge Straume, CEO of Deep Sea Mooring.
“This is creating real demand for installation expertise and DSM recognises the potential for a business focused on this niche. We see an excellent opportunity for a supplier that offers a comprehensive package of services, alongside individuals with genuine, market proven expertise.”
DSI’s services will include the hook up of FPSO vessels, calm buoys and submerged buoys, alongside vessel positioning, towing, and mooring line pull-in and tensioning.
In addition, complimentary services will be available, including the maintenance and repair of existing mooring solutions.
DSM’s backing will allow DSI to invest in the most advanced, reliable and innovative offshore installation equipment available, while also giving the team access to an international network of offices for localised project management.
Deep Sea Installation is planning to expand its payroll to between 20 and 30 members of staff within the next two years.