Proserv Offshore LLC Company News

Oilfield services firm Proserv completes $215 debt financing to support growth.

Proserv, a global leader in energy production technology services, has unveiled a next generation subsea cutting tool that provides complete well severance and significantly reduces in-well operational time by up to 50 percent.

Proserve is set to hire more than 130 new employment opportunities in 2012.

Proserv Offshore has set another industry record for high-load compression cuts in preparation to help decommission the massive Iwaki Platform jacket off the northeast coast of Japan.

Proserv was awarded a four-year contract extension with Halliburton for the supply of Chemical Injection and Hydraulic Power & Control Units in Norway.

Proserv Offshore has expanded its offshore well engineering with the acquisition of Twin Hills Wireline Services.

SapuraAcergy has awarded Proserv Offshore a subsea cutting contract for the decommissioning of the massive Iwaki Platform jacket off the northeast coast of Japan.

Proserv was contracted by Aker Solutions to provide high pressure and high temperature components for their subsea christmas trees at the Dalia, Visund, Morwin and new rapid threes.

MMS has chosen Proserv Offshore to study the technical issues and methodology for decommissioning fixed structures in water depths greater than 400 feet and floating structures in water depths exceeding 9,842 feet.

Proserv Abandonment and Decommissioning is reorganizing as a separate company under the name of Proserv Offshore, effective immediately.

Proserv has been awarded a contract by Advance Production & Loading AS for design, manufacturing and supply of a Chemical Distribution Panel that is intended for the turret system of the Cascade and Chinook FPSO.

Proserv has been awarded three decommissioning projects in the Gulf of Mexico. The total contract, awarded by a major independent oil company, is valued at $8 million.

Proserv Far East Pte. has signed a strategic agreement with Tanjung Offshore Services Sdn Bhd, strengthening the position of Proserv's Abandonment and Decommissioning strategic business unit in the highly active Malaysian oil and gas market.

The contract involves decommissioning two platforms with associated wells and removing pipelines and subsea tie-ins.

Proserv Offshore LLC has acquired Twachtman, Snyder & Byrd, Inc., a leading provider of well abandonment and decommissioning services to the international offshore oil and gas market.