Subsea cable installation companies Global Marine Systems and PT Ketrosden Triasmitra have announced their agreement to form a joint venture to provide subsea cable engineering and installation services to the telecommunications and oil and gas industries in the Indonesian market.
The partnership between the two companies will see the installation of more than 600km of cable this year as they collaborate on the Luwuk-Tutuyan and Jambi-Batam submarine cable projects. They will install another projected 2,000km over 2014.
The joint venture will own and operate cabotage compliant vessels and provide feasibility studies, marine surveys, shallow and deep water installations and burial solutions.
Triasmitra founder and chief executive officer Ketut Romadhi said: "Global Marine, with its unparalleled history in the provision of services to the submarine cable industry, is the ideal partner to expand our expertise and quality of service for our customers in Indonesia.
Triasmitra managing director Septono Karyadi added: "This partnership will position us well to further develop our telecommunications network and build upon our successes to date, while at the same our teams will have the benefit of learning from Global Marine’s long-standing experience in cable installation."
Global Marine’s chief executive officer Ian Douglas said: "This is an important agreement for Global Marine. We have worked closely with Triasmitra for many years and together have deployed a significant amount of cable in Indonesian waters. The joint venture represents each organisation’s strong commitment to provide customers with a single source for quality subsea engineering and installation solutions."
Global Marine corporate development director Mike Constable added: "After many years of collaboration on subsea installation and cable repair work, we are delighted to formalise our relationship with this agreement. This partnership supports Global Marine’s long history of success in providing subsea cable services to our global customer base, while simultaneously supporting Triasmitra’s continued growth and success in the Indonesian market."