AQUATERRA ENERGY SECURES £1M WORTH OF RISER ANALYSIS CONTRACTS WITH MAJOR MIDDLE EASTERN OPERATORS
Norwich, UK, 13 April 2021: Aquaterra Energy, a leader in global offshore engineering solutions, has secured the company’s largest riser analysis contract to date, a five-year deal with a major Middle Eastern operator to provide green and brownfield riser analysis. Combined with other recent project wins in the Middle East, Aquaterra Energy will now deliver an estimated £1m of riser analysis work over the five-year period.
Acting as a primary riser analysis supplier, Aquaterra Energy will manage and deliver multiple scopes of long-term work using its in-house analysis teams. Located in Abu Dhabi and Qatar, the contracts incorporate a wide range of recurring brownfield riser analysis projects, with future greenfield opportunities. The brownfield platform modification projects include slot recovery, slot addition and assisting the development of the inspection programme of existing conductors.
Martin Harrop, Riser Analysis Manager at Aquaterra Energy, comments on the projects delivered to date: ‘With the region shifting its focus to aging infrastructure, there is a growing appetite for experienced riser analysts amongst operators. As the operations are often non-standard, we have been working closely with our client’s engineers to find solutions to challenging operational concerns. Our analysis has generated many cost-saving, operational and decarbonisation benefits for our clients in the region.”
Andrew McDowell, Operations Director at Aquaterra Energy adds: “The Middle East is embarking on its next stage as an oil and gas producing region. Operators are now continuing to invest in new projects but also finding themselves with a glut of legacy assets coming to end-of-life from earlier generations of investment. To safely and efficiently maximise output, our expert riser analysts are perfectly placed to support operators with both green and brownfield projects. With a long-term contract in place, I see this as the start of a major period of growth for us in the region.”