Subsea Technologies Purchases Lewis Assets
Newly-formed Subsea Technologies has bought some intellectual property and the assets of Lewis from interim liquidator Invocas Financial Solutions. STL was advised by Hall Morrice and Raeburn, Christie, Clark & Wallace.
Aberdeen-based STL has been created by managing director Drummond Lawson and technical director Dave McKay and has re-employed a number of key personnel who previously worked at Lewis.
Mr. Lawson was the founder of Lewis, which was acquired 100% by Norwegian firm Marine Subsea in 2008, and was placed into voluntary liquidation in January this year.
STL has also secured a new lease on the high-specification subsea workshop and yard previously operated by Lewis on Aberdeen's Mugiemoss Road, and is focussing on providing a comprehensive maintenance, testing, repair, and modifications service for subsea operators.
Mr. Lawson said, "What makes STL different is that our workshop facility is supported by a highly capable engineering team. This means that we can not only handle basic equipment assembly and maintenance requirements, but also equipment needing an engineered repair, upgrading, or complex re-certification without clients having to bring in third-party support."
The Mugiemoss facility provides 8,000 sq ft of indoor workshop space, including a very large pressure bay capable of hydrostatic testing to 30,000psi. There is a further 8,000 sq ft of yard space outside which can accommodate System Integration Testing, equipment trials, and the maintenance and storage of large equipment.
The company has also secured certain IP rights relating to the unique Lewis High Angle Emergency Disconnect Package, which is currently being used on the Helix Well Ops Well Enhancer vessel, as well as the Stackable Lightweight Intervention Connect (SLIC).
STL is now recruiting for a Workshop Services Sales Manager as well as a Subsea Project Engineer and a Designer/Draftsman..
Mr. Lawson said, "The company is providing bespoke engineering services in much the same say as did Lewis, but with a broader focus.
"Initially we are focussing on developing the workshop services, followed by the product sales such as the EDP, but ultimately we intend to return to providing bespoke engineered solutions such as subsea well intervention systems, subsea pressure control and pump-in capabilities and subsea deployment and recovery technologies."