October 21 2014 Latest news:
Shaun Lowthorpe, Business editor
Tuesday, March 25, 2014
Energy services company Proserv has won its largest contract yet for subsea controls after securing a £24m deal to support deepwater workover controls services for several projects in Brazil.
Overall project execution along with the engineering and build of the subsea control systems will be carried out at Proserv’s Great Yarmouth facilities, while the company’s dedicated manufacturing facility in Johor Bahru, Malaysia, will deliver the accompanying hydraulic power units.
Proserv, which employs 270 people in the town is already on target to create 90 new jobs with the latest deal set to create 60 new posts from apprenticeships to subsea engineers.
David Lamont, Proserv’s chief executive officer, said: “This significant contract award is testament to the hard-work, expertise and experience of our entire team and further evidence of the great reputation we have built, and continue to build globally.”
John Willmott, general manager of Proserv’s Great Yarmouth facilities, said: “Winning this award is a huge achievement for the company, but especially for our team here in Great Yarmouth. The skills and expertise of our people is in high demand and we are exporting some of the most technically advanced subsea equipment to clients all over the world.”
Proserv, which operates worldwide through 31 operating centres based in 11 countries, has a 40-year track record in delivering bespoke technologies and services for the energy industry, particularly in the drilling, production, subsea and marine market sectors.
In February it announced it had acquired precision engineering firm KRG Industries, a well-established provider of machining, welding, inspection and testing services to the oil & gas, aerospace and defence industries.
The deal comes several months after Proserv acquired Australian-headquartered Velocious, a pioneering subsea intervention and tooling company.
One of East Anglia’s largest crane hire companies, Quinto Crane & Plant Ltd, has been bought out in a multi-million pound deal, with the new owner promising to safeguard the jobs for its 125 employees and guaranteeing future investment.