ROPS & HPE Swivel Commissioning completed on New Build in South Korea
As most of us were unwrapping presents, Sub Sea Services´ field engineers spent Christmas in South Korea on a Commissioning assignment.
Sub Sea Services just completed commissioning of a Remote Operated Pull-in System (ROPS) on a semi submersible rig located at the Samsung yard in Geoje, South Korea.
The EPC (engineering, procurement and construction) of the ROPS system was completed at Sub Sea Services´ Stavanger site and shipped to South Korea for Installation and Commissioning.
Commissioning went according to plan. The Semi Sub rig is en-route Norway where it will commence drilling on a 2+2 year contract.
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AWARDED 20+MNOK FABRICATION CONTRACT
Sub Sea Services have been awarded a 20+ MNOK contract from a major Drilling Contractor for fabrication of drilling products with delivery 2.nd quarter 2019.
The drilling equipment will be delivered to a harsh environment dynamically positioned semi submersible drilling, completion and workover vessel.
“This is an Engineering Procurement Construction (EPC) contract that we have been hunting for several months and finally secured the contract,” states Chief Commercial Officer Jostein Kvamme. “This contract award clearly show our capability as a strong vendor in this market segment.”
Sub Sea Services have a portfolio of over 50 products and have made a wide range of specialty drilling equipment. Since the downturn in the oil industry, traditional IMR contracts have reduced but the SSS OEM products and service have secured work in a scant market.
“As an OEM company, we have a strong product portfolio which give us an excellent position ahead,” states CCO Jostein Kvamme.
Chief Executive Officer, Bernt Arne Breistein agrees with Mr. Kvamme.
“Finally, the drilling market is showing signs of recovery and we believe that the willingness to invest in new products is returning,” states Breistein. “We believe that we will be in a good position when then market finally picks up. Our ability to deliver equipment both enhancing technology and rig efficiency have been and is our key selling point.”
The contract will utilize our fabrication sites in Kristiansund and Stavanger, and also use Rush Machining Tau and Jørpeland in order to deliver this large project on a short delivery schedule.
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If you would like to know more about our engineering capabilities: click here
If you would like to know more about our machining and mechanical capabilities at Rush: click here
Strengthened fabrication with acquisition
Strengthened fabrication ability with acquisition
The oil and gas industry has gone through a significant transformation over the past years, largely driven by a focus on reducing overall cost levels.
Sub Sea Services have committed significant resources to optimize the utilization of equipment, tools and processes to have smarter production within group of companies.
With the acquisition of IKM Machining Tau, we get more in-house capacity and increased capabilities within the group. IKM Maskinering Tau join forces with Rush Machining and we believe that the synergies between the companies will ensure that both companies increase competitiveness and attractiveness in a competitive market.
“By adding IKM Maching Tau to Rush Machining, we will utilize this to offer Sub Sea Services´ clients a larger portfolio of smart deliveries now as we see the market is coming back. The ambition for the two companies now forming “new” Rush Machining is to strengthen the offering within this growth-market, says Chief Executive Officer, Bernt Arne Breistein.
New Rush Machining will target structural fabrication projects of typical drilling riser tools such as Tension Rings, Riser Spiders and Telescopic joints.
“Equipped with large modern machine inventory like the High-performance Boring-Mill from Lazzati and FPT Ronin Turning-Mill, Sub Sea Services will now target fabrication packages from larger equipment manufacture companies” says Chief Commercial Officer, Jostein Kvamme.
In parallel, Rush Machining will continue to execute and strengthen international Frame Agreements for down-hole tool fabrication for major oil service companies. Through synergies we will aim to widen the portfolio of products and services we deliver to current and new customers.
Sub Sea Services´strenght is to work with our customers to identify where they are having operational efficiency issues on their rig or operations. Our engineers then develop a solution. Through close collaboration with Rush Machining we are able to come up with cost efficient solutions with a short delivery time.
“We will continue to be vendor in R&D projects where large subsea prototype equipment is developed, and now we have a Deepwater Quayside location as IKM is in close proximity to Nordmarka Quay Tau and the long track-record of the companies we will be a good match for anyone looking for a partner,” states Jostein Kvamme.
For questions or inquiries, please contact our sales department.
ROPS CONTRACT AWARDED
Sub Sea Services has been awarded the contract to deliver a ROPS Termination joint for one Ultra Deepwater Drill ship.
The drillship has been awarded a drilling contract in Africa.
The system will be fitted into a riser 3,5 Mill Lbs. riser system and ensure efficient handling of all five moonpool drape hoses.
"We will deliver the Remote Operated Pull-in System (ROPS) termination joint with a DNV Product Certification based on our detail design package," states Engineering Team Lead, Alexander Iversen.
The complete design and fabrication work will be carried out at Sub Sea Services´ Stavanger facility and is scheduled for delivery 1st quarter 2019.
"This delivery is important for SSS and clearly prove our ROPS product is of great interest," states Chief Commercial Officer, Jostein Kvamme. "The order can be seen as a potential turning point in an industry that have been through some challenging years."
Sub Sea Services have seen an increase in interest for the ROPS the last few months, with a lot of active quotes in the market.
"The fact that we are able to service our customers remotely, anywhere in the world, with our experienced aftermarket team ensures a world wide market for our product," Kvamme adds.
Read more about our ROPS system here