DeepOcean completes acquisition of US company Delta SubSea

25 April 2018 (Last Updated April 25th, 2018 11:45)

Dutch subsea services provider DeepOcean has completed the acquisition of US company Delta SubSea and expanded its business in the US Gulf of Mexico.

DeepOcean completes acquisition of US company Delta SubSea
Delta SubSea vessel. Credit: DeepOcean.

Dutch subsea services provider DeepOcean has completed the acquisition of US company Delta SubSea and expanded its business in the US Gulf of Mexico.

Delta SubSea is a cost-effective provider of Inspection Maintenance and Repair (IMR) and light construction services that focuses its operations in the US Gulf of Mexico and the US based customers with international operations, such as West Africa, Trinidad & Tobago and Guyana.

It currently owns and operates a total of ten Remote Operated Vehicles (ROVs) from its operating base in Montgomery, Texas, US.

DeepOcean interim chief executive officer Ottar Mæland said: “We are excited that Delta SubSea’s president Scott Dingman and the Delta organisation have decided to join DeepOcean.”

“Going forward we will be able to offer our clients a broader set of comprehensive engineering and subsea services in a significantly broader geographic context.”

The acquisition will enable DeepOcean to expand its operations in the Mexican segment of the Gulf of Mexico into the US segment of the region.

In addition, Delta SubSea will serve as DeepOcean’s vehicle for offshore renewables projects in the US waters.

Dingman said: “I view this as a great opportunity to continue to build on the successes of Delta SubSea and DeepOcean.

“Going forward we will be able to offer our clients a broader set of comprehensive engineering and subsea services in a significantly broader geographic context.

“Delta SubSea’s track record and experience will be complemented by DeepOcean’s experience in SURF, trenching and power cable installation, larger-scale projects, project management and engineering capabilities.”