ROV Operator Grows Following Funding Boost



ROV Operator Grows Following Funding Boost
ROVOP Limited, an independent operator of underwater remotely operated vehicles (ROVs) with bases in Aberdeen and Houston, increases its fleet by 50% to meet ongoing customer demand.

ROVOP Limited, an independent operator of underwater remotely operated vehicles (ROVs) with bases in Aberdeen and Houston, announced Wednesday that it has increased its fleet by 50 percent to meet ongoing customer demand, following a funding boost of $75 million (GBP 56 million).

The company said the funding, which was provided by Blue Water Energy and BGF, underpins its ‘ambitious future growth plans’, which include ‘the creation of potentially up to 80 jobs’. As a result of the cash boost, ROVOP now has 24 ROVs, with the new assets being acquired from Tidewater in Houston.

“This funding package allows an immediate step change for our business, and secures the funding required to execute our growth plans over the coming years,” ROVOP CEO Steven Gray said in a company statement.

ROVOP currently employs more than 180 people in onshore and offshore roles. The company was co-founded in 2011 by CEO Steven Gray and chairman Mark Vorenkamp.



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