Proserv Acquires SGC Metering
The global energy services company has announced the acquisition of SGC Metering from Petrofac.SGC Metering is a specialist in the design and manufacture of flow computer metering systems for the oil and gas industry. It provides expertise right across the full life cycle of a metering project, including conceptual design through to installation, operations and…
Proserv Unveils New Facility in Great Yarmouth
Energy services company Proserv officially opened its new purpose-built Center of Excellence today within Great Yarmouth’s Beacon Park.Developer, Great Yarmouth Borough Council, together with New Anglia LEP and key stakeholders, joined Proserv at the 65,000 sq ft ‘Artemis House’ – named after the site’s ‘Artemis 2G’ (A2G) subsea control system technology - to mark…
Proserv Completes Financial Restructuring
Energy services company Proserv announced the completion of its financial restructuring.Through a debt-for-equity exchange and injection of a $50 million investment, the company’s two largest lenders - KKR and funds managed by Oaktree Capital Management, L.P. - will become owners of the company. Proserv said it emerges substantially debt-free and with a well-capitalized balance sheet…
Proserv Secures $5.5 Mln Repsol Contract
Energy services company Proserv has secured a contract worth over $5.5 million (45 million Norwegian Kroner) with Repsol to upgrade and build new subsea production control equipment for the Yme field redevelopment in the Norwegian North Sea. The award scope initially covers the refurbishment and upgrade of the existing subsea control system. Using Proserv’s unique technology and expertise…
Proserv Secures Decommissioning Work in Asia Pacific
Energy services company Proserv has been awarded a series of contracts worth around $4m for its well severance, platform and FPSO decommissioning services in the Asia Pacific region. The contracts have been awarded by Premier Oil in Indonesia; Chevron, through Baker Hughes, in the Gulf of Thailand; BHP, through Fugro, in Western Australia and by PCPP Operating Company, through Sapura Technology Solutions Sdn Bhd in Malaysia.
Proserv Opening New Subsea Tech Center
Energy services company Proserv informs it is investing in a new purpose-built technology center for subsea controls and communications in Great Yarmouth. The move will see around 190 employees consolidate from two sites in the area into the new 65,000 sq ft Beacon Park site in Gorleston-on-Sea which will feature modern office, manufacturing and yard space and provides the flexibility to add a further 20,000 sq ft of workshop capacity.
Proserv Secures Multiple Middle East Contracts
Energy services company Proserv said it has been awarded a series of contracts worth a combined value of more than $11 million for its production control new-build and after-market services in the Middle East. In the UAE, Proserv will engineer and manufacture wellhead control panels, hydraulic power units (HPUs) and chemical injection systems to national oil companies…
Proserv Norway Secures Decommissioning Work
Energy services company Proserv has recently been awarded three contracts worth a combined value of more than $2.5 million (approx. 21.5 million Norwegian Krone) for decommissioning work in the Norwegian North Sea. The firm’s Stavanger facility will provide cutting services as part of a full severance package covering subsea and topside work. Compared to more traditional approaches…
Proserv Seals Subsea Contract with Premier Oil
Energy services company Proserv said it has been awarded a multimillion dollar contract with Premier Oil for subsea work in Asia Pacific. Proserv will supply a subsea control system and associated equipment for the BIGP (Bison, Iguana & Gajah Puteri) development project, located in the Natuna Sea, Indonesia. The scope of supply is a three well subsea control system…
Proserv to Offer KLAW Products in the Middle East
Proserv said it has formed a strategic partnership with KLAW Products to offer an enhanced field safety service preventing offshore spills in the Middle East. KLAW Products, an oilfield equipment provider, supplies breakaway couplings and emergency release systems for the safe transfer of hazardous and non-hazardous material. The agreement will see Proserv offering KLAW’s products across the region while also delivering in-country technical support.
Proserv Seals N. Sea Contract with Apache
Proserv has been awarded a multimillion dollar contract from Apache Corporation for work on the U.K. Continental Shelf. Proserv will supply a subsea control system and associated topside and subsea interface equipment for use on the new Callater wells located south of the Beryl Alpha platform. The latest award comes after Proserv completed work for Apache on the…
Proserv Seals Equipment Contract with Statoil
Energy services company Proserv has been awarded a multi-million pound contract with Statoil for the provision of production control equipment in Norway. Proserv will supply five wellhead hydraulic power units (HPUs) for Statoil’s Gullfaks oil and gas field in the Norwegian sector of the North Sea which is undergoing an extensive topside upgrade program. The design…
Proserv Secures Johan Sverdrup Contract
Proserv informs it has secured a contract with a value of more than 20 million NOK to provide topside control equipment at one of the largest field discoveries on the Norwegian Continental Shelf. The agreement will see Proserv supplying Aibel, on behalf of Statoil, with a hydraulic power unit (HPU) and three chemical injection panels to be used on the prestigious Johan Sverdrup development’s drilling platform.
Nominations Open for Subsea UK Awards
Press release - Nominations have opened for the 2016 Subsea UK Awards. Now in its 10th year, the awards seek to recognize companies and individuals who are leading the way in Britain’s successful £9 billion subsea sector. Entries are being sought for the best subsea company of the year (large and small), the most promising young person in the sector, the most exciting…
Proserv Acquires Nautronix
Proserv Group LLC, an energy services company, has acquired Nautronix, a supplier of subsea digital acoustic communication products and positioning services to the oil and gas industry, based in Aberdeen. Proserv is a portfolio company of Riverstone Holdings LLC, an energy-focused private equity firm based in New York. Employing 120 people, Nautronix is headquartered in Aberdeen where the main research and development…
Proserv Delivers Opening Phase of Record Contract
Proserv has completed the first phase of one of its largest contracts yet to provide subsea control systems for deepwater projects in Brazil. The firm has delivered the initial three of nine control systems that will support drill pipe riser (DPR) intervention services at depths of 2,500 metres. The work forms part of a $40 million deal with a leading oilfield service company.
Proserv Wins Offshore Achievement Award
Proserv has won a third industry accolade in as many months after being named Great Large Company at the Society of Petroleum Engineers’ Offshore Achievement Awards (SPE OAA) Thursday, March 12. The company was honored with the top title in recognition of its performance in the offshore energy sector including its business growth and clear strategy for continued expansion.
Proserv Inks Hess Subsea Deal
Proserv has secured a major contract win worth in excess of $20 million in the subsea arena. This latest award by Hess Corporation is for the provision of a 12-well subsea control system along with associated topside and subsea interface equipment for the deepwater Stampede development, situated in the Gulf of Mexico. Work for the project will be carried out in various Proserv subsea service centres and technology hubs around the world…
Proserv Acquired by Riverstone
Energy services company Proserv has reinforced its ambitious growth plans after announcing it has signed a definitive agreement to be acquired by major US private equity investor Riverstone Holdings LLC. Proserv will continue to operate as an independent company under the deal announced today to which Riverstone Global Energy and Power Fund V, L.P., in partnership with Proserv management…
Proserv on a Roll to Attract New Talent
Proserv, is set to add to its more than 2,200-strong global workforce after taking part in events aimed at attracting new talent into the energy industry. Proserv, which has seen its talent pool soar through organic growth and a succession of strategic acquisitions, is to take on new apprentices and ex-military personnel after participating in a Mobilizing the Military initiative organized by subsea industry body, Subsea UK, last Friday.
