TSMarine Subsea to Trade Under New Name

17 December 2009 (Last Updated December 17th, 2009 18:30)

TSMarine Subsea has changed its name to Marine Subsea (UK) following completion of a management buy-outin September with support from Norwegian firm Marine Subsea AS. The UK subsidiary will double the size of its workforce over the next three months and concentrate on the continued deli

TSMarine Subsea has changed its name to Marine Subsea (UK) following completion of a management buy-outin September with support from Norwegian firm Marine Subsea AS.

The UK subsidiary will double the size of its workforce over the next three months and concentrate on the continued delivery of subsea rigless intervention, decommissioning and construction services to the European and West African oil and gas sector, according to yoursubseanews.com.

Marine Subsea is also involved in the operational management of the new multi-purpose offshore subsea construction and light well intervention vessel Sarah, an Ulstein SX121 DP3 vessel that can operate in 3,000m depths and has a 1,470m³ deck capacity.

The vessel can perform various offshore support functions and deepwater well intervention activity.

Alasdair Cowie will continue to be the UK company's managing director who will supervise ongoing development in West Africa and Europe. Cowie said the Marine Subsea name is associated with high-specification, bespoke, multi-purpose offshore vessels, which set the standard in supporting drilling, intervention and offshore activities.

"Through the support we received from Marine Subsea for the MBO, we are moving the business forward to a new level, with a bigger support base for our offshore global subsea operations, while employees enjoy the added benefits of being part of a larger global organisation," Cowie said.

"We have a healthy order book for next year and need to recruit at least ten senior offshore personnel to manage planned offshore operations from the Sarah. We also have plans in place to create an extra 15 new jobs in the first quarter of 2010."