CASP (Clough-AMC Subsea Partnership) will be headquartered in Oslo with regional offices in Aberdeen, Houston and Perth. The entity will be 50% owned by Aker Marine Contractors of Norway and 50% by Clough Limited of Australia.
Anne Mürer said that this business initiative is cementing the long term relationship between Clough and AMC. It is a large step forward in implementing the company's strategy of being a global provider of subsea services to the offshore Oil and Gas industry. Establishing CASP enables us to reach the global market which is needed with the two specialized vessels BOA DeepC I and II. We think that one of the vessels will be stationed in the North Sea whereas the second vessel will find work in the deeepwater areas. DeepC I is already contracted for projects in the North Sea for the 2004 season.
Anne Mürer states that in due course, a successful implementation of CASP will give Aker Kvaerner a good opportunity for further focusing into the subsea construction market
The type of business to be pursued is offshore contracting and associated services world-wide, including, but not limited to:
The new entity will have two vessels at its disposal; Boa DeepC and Boa DeepC II, owned by Boa Offshore to support its world-wide project activities. The vessels will be delivered and ready for operation by early 2004 and early 2005, respectively. Both are state of the art DP Class III specialist installation vessels specifically designed for deep and ultra deep-water projects. The lengths of the vessels are 120 meter and 140 meter respectively, featuring:
"We are very excited by this new venture with two well respected entities such as AMC and Boa. This business will expand on the current strong and profitable relationships that exist between our companies now,” Dr Brian Hewitt, CEO of Clough Limited," said today.
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