August 29 2014 Latest news:
Shaun Lowthorpe, Business editor
Friday, June 6, 2014
Bosses at Great Yarmouth-based Claxton Engineering are celebrating the award of the firm’s largest ever contract deal, which is set to give the firm a significant presence in Norway.
The company has been awarded a six-year multi-milliion deal with Det norske oljeselskap ASA which includes high and low pressure risers, tubular structures connecting subsea well heads to drilling rigs, as well as auxiliary equipment and offshore services for the lvar Aasen field development.
The firm, part of the Acteon Group, a member of the EDP Top100, declined to give details of the exact contract amount, but said staff at its Great Yarmouth base would be heavily involved, staffing the contract during its initial phase.
The deal is part of a strategy to grow its Norwegian business, seen as a key market in line with a five year strategy to double the size of the business.
The scope of work includes the procurement of high and low-pressure surface risers; the rental of a subsea riser for the Hanz field; the rental of low-pressure surface risers for exploration wells on the Norwegian Continental Shelf.
Optional services include complete running services for the equipment and providing centralizer systems along with lateral and vertical tension rings.
Laura Claxton, managing director, said: “We are very pleased to have secured this contract, which underlines Claxton’s position as the pre-eminent riser supply house in the North Sea and demonstrates that clients value our experience, technical approach and capabilities.”
She added that the capability, backed by a growing catalogue of success in Norway, underlined the company’s commitment to the region and supported its plans for further expansion.
“Claxton secured the contract because of its wide range of pressure, connection, bore and complete system options, which is the most comprehensive offering in the North Sea sector,” she said. “With more than 4000 inventory items, we support one of the biggest call-off stocks of risers in the region – an inventory that is continually expanding. The contract with Det norske oljeselskap ASA is one step in a journey that will see Claxton grow to become a significant operation in Norway.”
Docking-based Tidal Transit’s fourth personnel transport Vessel yesterday set sail from Alicante to make her debut in Southampton at Seawork International 2014. The vessel joins her three sister vessels in the service of the global offshore wind energy sector, transporting technicians to wind farms for construction and operation and maintenance work. The firm has an option with the shipyard for a further six vessels.
A Norwich-based business which started as a “man with a van” operation is eyeing further expansion after seeing its predicted turnover increase from £6,000 to £340,000 within five years.