Sea Trucks, Wellstream Launch Seastream SURF Solutions

Sea Trucks Group and Wellstream International Ltd have created Seastream SURF Solutions a new non-incorporated joint venture between the marine services provider Sea Trucks Group and flexible pipe manufacturer Wellstream International Limited. Seastream will provide global flexible pipe based SURF installation capabilities utilizing Sea Trucks latest Jascon new build vessel fleet. These new Jascon vessels, based on the highly successful Jascon 5 design, are capable of performing flexible and rigid pipelay, and combined with significant deck space, craneage and accommodation facilities, will provide a true multi-task platform to execute major projects.

Launching this joint venture, Jacques Roomans, President of Sea Trucks said "In Seastream we will continue to challenge existing contracting practices. We want to ensure that we engage the customer to find the optimal technical solution which is most cost effective. We have 5 of these unique vessels commissioned for delivery between early 2008 and 2010."

Gordon Chapman, CEO Wellstream also said "This is a unique joint venture which enhances our business portfolio and enables us to provide our customers with Wellstream pipeline products on a supply and install basis."

The Sea Trucks Group is an international group of companies offering marine services to the Oil & Gas industry worldwide. The Group has been providing marine services to the major oil and construction companies in West Africa since the late 1970's and is now offering clients around the globe a varied package of offshore installation services. The Sea Trucks Group has offices in Nigeria, Angola, the Netherlands, United Arab Emirates, and China and owns and operates a large and versatile fleet of vessels and barges, as well as supply base and fabrication facilities in West Africa and the United Arab Emirates.

Wellstream International Limited is a wholly owned subsidiary of Wellstream Holdings PLC (FTSE:WSM). The company is a leading designer and manufacturer of bespoke flexible pipeline products, systems and solutions for the oil and gas industry. Its pipeline portfolio includes established product lines such as dynamic flexible risers and static flowlines, for deep and ultra-deepwater environments, in addition to newer products designed for onshore (FlexSteelTM) and high temperature/high pressure products for drilling and service applications. With over 700 employees internationally, Wellstream has offices/facilities in Newcastle upon Tyne, UK, Panama City, Houston and Denver, USA, Calgary, Canada, Rio de Janeiro and Niteroi Brazil and Perth, Australia.


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