Aberdeen, Scotland-based Cortez Subsea reported Monday that it has secured $2.4 million of contracts across its range of pipeline installation and decommissioning services following a successful start to the third quarter. The firm said the contracts come at a time of expansion, with its staff set to increase from 20 to 40 people this year.
Cortez said it has completed the first phase of work on a reinforcement program for a North Sea FPSO (floating production, storage and offloading) vessel operated by DOF Subsea. The $1.6 million contract includes a second phase that will begin later this year.
The firm added that it has secured a further contract for the recovery and decommissioning of three flexible production flow lines for Stork Technical Services.
Cortez Managing Director Alasdair Cowie commented in a company statement:
"Since our formation in 2010 we have steadily built a reputation for being a dynamic, diverse and value-adding company capable of bringing technical, operational and commercial innovation to the marketplace.
"These contracts not only demonstrate the breadth of our capabilities from production start-up to decommissioning, as significant pieces of work with new clients they also solidify growing status as subsea services and technology specialists."
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