Rolling in the deep
Formed in May 2011, following the successful restructuring of its former parent company, DeepOcean Group Holding (DeepOcean) offers a breadth of subsea services, from survey and seabed mapping, subsea installation and seabed intervention, to inspection, maintenance and repair, and decommissioning. This portfolio, coupled with a fleet of owned and controlled specialised equipment and multi-purpose support spreads, allows DeepOcean to bundle its subsea services to deliver cost-effective, tailored solutions to meet its clients’ needs.
Today, DeepOcean operates in the oil and gas, offshore renewables and electrical power transmission industries. Across these industry sectors, it provides both fully managed EPIC contract installation project services, as well as being able to take on a sub-contractor role for individual work packages on major installation projects. DeepOcean’s experienced project teams provide fully managed, safe and efficient services for the installation of subsea modular structures, umbilicals, risers, flexibles, HVAC and HVDC cables, and fiber optic cables. Furthermore, it has access to both owned and chartered DPII class vessels, while its owned equipment ranges from work class and observation class ROVs, module handling systems, carousel systems, subsea ploughs, jet trenching ROVs and mechanical trenchers.
To support its operations, DeepOcean has its own marine base facilities in the UK, Norway and the Netherlands, as well as mobilisation capacities in Mexico, Ghana and Dubai. DeepOcean UK Limited (also often referred to as DO 1 UK Ltd.), formerly known as CTC Marine Projects Ltd., was established in 1993. While the initial core of the business was the provision of fibre optic cable lay and seabed intervention solutions for the global telecommunications market, it later diversified and added cable lay and trenching services for the oil and gas, offshore renewables and interconnectors industries. Sophisticated offering
DeepOcean UK Limited offers survey and seabed-mapping services, including seabed mapping, route survey, pipeline inspection, lay support, and cable survey; and subsea installation services, including cable lay, flexible product and umbilical, life of field seismic systems, subsea structures, and diverless subsea installation; and seabed intervention services, including trenching, ploughing, and excavation and dredging. It also provides decommissioning services, including pre-and post survey, cutting and recovery, pipeline removal by burial, subsea structures removal, towing and transport, and disposal. In addition, it offers inspection, maintenance, and repair services, including structure inspection, cable inspection, remotely operated tool operations, scale squeeze operations, subsea systems maintenance, subsea systems repair, pipeline and cable repair, wind turbine scour survey and monitoring, commissioning, and module replacement.
At the heart of DeepOcean UK Limited is its state-of-the-art, purpose-built asset and project support facility, DeepOcean Offshore Services Base – Blyth. Opened in September 2018, the facility has been crated to support the planning, preparation, mobilisation and maintenance of DeepOcean’s sophisticated subsea trenching assets and vessel fleet. At 1000 square metres, the facility includes covered storage space and six internal work bays, with access to 10Te and 15Te capacity overhead cranes. It also features two heavy lift quays with deep-water berths of 8.5 metres, year-round access for large vessels, and crane support up to 250Te. Alongside the quays are 1800 square metres of secure external storage, an external asset wash down area, and an asset calibration pit.
By supporting around-the-clock activities, and with immediate and easy marine access, Offshore Service Base – Blyth will improve DeepOcean’s ability for rapid deployment of high sea state and repair solutions to the North Sea. As well as providing for a number of new jobs in the local area, the facility also now houses DeepOcean UK Limited’s Asset Management Team, which relocated from its head office in Darlington, County Durham.
Upon the facility’s official opening in September 2018, Pierre Boyde, Managing Director of cable installation and trenching at DeepOcean provided the following comments: “The opening of DeepOcean’s new offshore base is a significant demonstration of our confidence in our capabilities to comprehensively serve the offshore industry and the importance of North East England to the successful provision of our services. We are pleased to be working with the Port of Blyth, a rapidly expanding offshore energy base with a good reputation for servicing the sector.”
It was then one month on from the opening of its new Blyth facility, in October 2018, that DeepOcean UK Limited returned to spotlight as it announced a “very significant improvement” in its financial figures after slashing losses and growing its turnover by approximately a third. In the 12-month period to 31 December 2017, the company recorded revenues of £152.5 million, up 30 per cent on the previous year. In a strategic report accompanying the results, the company detailed how it has suffered in recent years against the backdrop of the decline in global oil prices, and how it has worked to rebalance its portfolio away from oil and gas, and into other offshore energy sectors, a move that has proven to be extremely beneficial. This move has seen the company become involved in a number of important projects such as the Race Bank wind farm and the installation of high voltage connections between the UK and Belgium.
As oil prices improve, it is expected that an increase in offshore drilling activity and offshore construction will bring with it increased demand for the company’s services, and DeepOcean UK Limited already has in place an end-of-year backlog of £141.8 million, and forecasts that future backlog projects will be completed at profitable levels. While it continues to work predominantly on projects located around the UK and on European contracts in the North Sea, the company also has its sights set on the possibility of increasing its scope of work overseas in the not-too-distant future.
DeepOcean UK Limited
Products: Subsea project services and technologies