Proserv Scores North Sea Duo

Rapidly-evolving energy production technology services company Proserv has secured two major contract wins worth in excess of $23.5 million (GBP 15 million) for work in the North Sea, further strengthening the company's market-leading position in the subsea controls and communications field.

The first deal is with TAQA for the control of subsea wells approximately 10.3 miles (16.5 kilometers) from the Tern platform in the Cladhan field. Proserv will implement a system to control three subsea wells as part of a significant development project for the company. Using Proserv's proprietary Open Communications Controller (OCC) technology, the system will provide a high-speed network capable of communication speeds up to 1.3 Mbps.

The second contract award is with another leading operator and also involves work to control the subsea wells. Proserv will use a cutting-edge system, which will control a number of wells and manifolds. This features a fiber-optic communications system using Proserv's Open Communications Hub (OCH) technology for fully transparent communications and high-speed data monitoring from the subsea multi-phase flow meters and control modules.

Commenting on the recent award wins, David Lamont, Proserv's chief executive officer, said: "Both contract wins reflect Proserv's industry-leading position and strong track record for delivering high-value integrated technology systems on time and within budget.

"Proserv's fast-growing suite of technologies have been developed based on the company's 'ingeniously simple' philosophy and are underpinned by the company's international talent pool of technical and engineering expertise which has expanded considerably through organic growth and strategic acquisition.

"As a result, Proserv continues to expand both globally and particularly in the North Sea where our strong and expanding client base is testament to our levels of technology and service. We look forward to working with two leading operators in the region."

In 2012, Proserv made two high-profile acquisitions which not only bolstered its capabilities but saw its global headcount increase by more than 600 people to over 1,600.


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