Cortez Subsea Wins $2.4m in N. Sea Contracts

Cortez Subsea won $2.4m in contracts across its range of pipeline installation and decommissioning services following a successful start to Q3 of 2013.

The Aberdeen-based firm has completed the first phase of work on a North Sea FSPO reinforcement program for contractor DOF Subsea.
 

The $1.6m contract, for the provision of a powered reel drive system, tensioner and personnel for umbilical and flexible riser installation, includes a second phase which is due to begin later this year.
 

Cortez Subsea won an additional contract for the recovery and decommissioning of three flexible production flowlines for Stork Technical Services.
 

The work, from the vessel Siem Stork for operations in the Central North Sea, is scheduled to complete in September 2013.
 

The wins come at a time of expansion for Subsea Cortez. The company has made significant investment in new equipment and technologies in the last 12 months, in addition to a new office complex to facilitate the growth of its employee base from 20 to 40 this year.
 

Cortez Subsea provides a range of subsea services and products to UK and international clients in the offshore energy industry. The company currently works in collaboration with FlexTech Engineering, DeepTech Oil Services, Offshore Technology Solution Ltd, and MCS to provide a broad range of specialties to its clients.