Global subsea excavation specialist James Fisher Subsea Excavation (JFSE), part of James Fisher and Sons plc, has formed a joint venture with specialist Chinese offshore project, vessel and marine equipment provider Ocean Team Asia Pacific (OTAP).
James Fisher Ocean Team Ltd will serve clients in China with equipment positioned permanently in the country. Local operational and project management personnel will deliver JFSE’s mass/controlled flow excavation (M/CFE) services alongside the company’s global experts.
As well as developing opportunities in the oil and gas sector, the new company will be focused on establishing M/CFE as a time and cost-effective solution for projects in the developing offshore renewables sector.
JFSE’s team has had a presence in the region for eight years and its suite of tools has already completed numerous projects for Chinese clients including pipeline and cable trenching, deburial and freespan correction works.
Richard Beattie, regional director Asia Pacific at JFSE, said, “Establishing this new venture shows our level of commitment to clients in China and significantly enhances the services we can provide.
“We are confident our M/CFE tools and expertise will play a vital role in increasing the time and cost-efficiencies on a wide range of projects emerging in the oil and gas and renewables sectors.
“China is an important and growing marketplace. Increasing our presence here is part of our strategic development plan for the continued growth of our business.”
There has been a relationship between JFSE’s team and OTAP for more than four years with the companies supporting one another on several projects. OTAP offers global energy businesses the most reliable and cost-effective support, providing integrated solutions to expand their business in China and overseas.
Roger Wang, CEO of OTAP, said, “This is an important step for us to increase and enhance how we can develop JFSE’s M/CFE offering in China. Establishing a local company, contacts and equipment base in China is vitally important to truly realize the potential of our growing marketplace.”