Craig Group Invests in Mooring and Chain Inspection Equipment

The Craig Group is heavily promoting its capabilities in mooring systems at OTC this year. Its specialist division, International Mooring Systems (IMS), has invested almost £8 million in mooring equipment to deliver major contracts new contracts. Further investments to deliver Gulf of Mexico contracts are planned.

In a partnership with Shell, the specialists in the sale and rental of mooring systems have purchased £2 million of chain, anchors and wire for a complete pre-lay system on the Benbecula field in the North Sea.

This contract was closely followed by an investment of 15,000 feet of chain and a set of new generation, high holding power Stevpris anchors and extensions for a Chevron rig also in the North Sea.

"These partnership agreements are very important to us," explains Alan Duncan, managing director of IMS. "They underline the confidence our clients have in our ability to deliver and demonstrate our willingness to invest in the latest equipment to support their operations."

In the last six months alone, IMS has invested £5 million in chain, fiber rope, anchors and ancillary equipment to meet increasing global demand and in addition to the Shell and Chevron Texaco contracts, the division has reported over £1 million in sales of mooring systems to clients such as Prosafe, Transocean and Dolphin.

A single investment in excess of £1 million in anchors and chain was immediately on contract to Island Oil & Gas for the mooring of the Petrolia drilling rig on the Seven Heads field in the Irish Sea.

IMS managing director Alan Duncan said: "The up-turn in global drilling activity has led to a constant turn-around and utilization of mooring equipment by rig owners and drilling contractors. We now have one of the largest stocks of equipment for sale or rental in the world and are securing contracts for the equipment on a regular basis. This reinforces our market-leading position and ensures that we continue to grow."

IMS' sister company, ChainCo, which specializes in the certification and inspection of chain has also been part of the investment program. Over £200,000 has been invested in a new chain inspection unit. This brings the ChainCo fleet of purpose-built, mobile inspection units to seven, ensuring coverage around the world. ChainCo currently has units located in the UK, Norway, Singapore, US and Canada.