May 22 2013 Latest news:
By SHAUN LOWTHORPE Business editor
Wednesday, November 7, 2012
Subsea technology firm Proserv, which this year took over a division of Weatherford based in Great Yarmouth has secured a £1.2m contract to supply topside control equipment at a major southern North Sea development.
The companywas awarded the deal on the Cygnus field by operator GDF SUEZ through its design contractor AMEC. As part of the agreement, Proserv will supply the design, engineering and build of wellhead control panels and accompanying topside umbilical termination units for the Alpha and Bravo platforms.
Proserv’s team of controls experts based at the company’s dedicated engineering and manufacturing facility in Great Yarmouth will play a key role in carrying out the work.
Design and engineering work is currently under way, with equipment due for delivery in 2013/14.
This latest deal follows the announcement in August of two contracts worth a combined £6m. The first project involves the provision of electro-hydraulic multiplex subsea control systems at the Maersk Oil operated Talisman Clyde-platform over 12 months. Topside and subsea manifold control systems support is being provided on a development in the Southern North Sea for the second.
David Lamont, Proserv chief executive, said: “The award of this contract is further evidence of the great reputation the team in Great Yarmouth and indeed Proserv has built, and continues to build with our customers globally.
“Our values combined with marketing-leading technologies and great people allows us to deliver world-class products and services from our Great Yarmouth facility on time and within budget consistently.
“These elements have been crucial in supporting our expansion to date and will stay at our core as our reputation and business continues to grow.”
Norfolk turkey giant Bernard Matthews is in talks to sell a stake in the business.