Deep Sea Mooring (DSM) is backing the launch of a new, specialist business dedicated to subsea installation solutions. Deep Sea Installation (DSI), which will initially focus on the FPSO segment, is opening in Singapore with 12 highly experienced staff and an ambition to quickly establish itself in the key regional markets of Asia, West Africa and Europe.
“The FPSO market is growing fast, with USD 99 billion forecast to be spent on floating production systems between 2014 and 2018*,” comments Åge Straume, CEO of Deep Sea Mooring. “This is creating real demand for installation expertise and DSM recognises the potential for a business focused on this niche. We see an excellent opportunity for a supplier that offers a comprehensive package of services, alongside individuals with genuine, market proven expertise.”