Sunday, 15 September 2019

Finance News

Successful First Half for Rever Offshore

Rever Offshore, a leading subsea services provider to the oil and gas industry, continues to be on track for a successful 2019 as it announces a number of project awards and successfully completed campaigns with CNR International, Perenco and Spirit Energy, among other production and exploration majors.

Rever offshoreLOGOThe subsea contractor has successfully completed multiple projects within the North Sea, building upon existing frame agreements which has allowed clients quicker access to its fleet of specialised subsea support vessels and a highly experienced team across the business.

IRM work utilising DSV Rever Sapphire was completed for a UK based petroleum exploration and production company, work was also carried out for Spirit Energy along with a 36 day ROVSV campaign in the east Irish Sea. A further 29 days was concluded on the NW Bell pipeline, comprising of saturation diving work with independent operator, Perenco.

Rever will build upon its continued successful track record in the UKCS during the second-half of 2019, carrying out P&A, IRM, decommissioning and installation work, with work scopes also secured for execution in 2020.

Barry Macleod, CEO of Rever Offshore, said: “I am delighted with the progress Rever has made over the last six months. Our teams have worked incredibly hard for our clients and the work produced has been of an impressive standard, which in turn leads to additional award wins. This positive end to the first-half of 2019 has paved the way for continued success later in the year and into 2020.”

We aim to keep you updated weekly with relevant information concerning the Offshore Energy Sector.

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