A new entrant into the global subsea and floating systems oil and gas engineering market was unveiled today with the launch of Peritus International. The specialist engineering consultancy will provide advanced engineering and project management services, specifically targeting clients operating in difficult and deepwater environments.

Focussing on subsea and floating systems design, the company will utilise an international network of regional engineering centres initially based in Australia, the UK and the US to deliver their expertise to the offshore provinces of the world for both capital expenditure (CAPEX) and operational expenditure (OPEX) clients.

“Taking a global approach will enable us to remain highly competitive in our chosen markets”, says Peritus International CEO Steve Hindmarsh. “It will reduce the need to duplicate resources, as specialised skills and knowledge will be shared across our projects, leading to technically superior solutions being delivered at a lower cost to our clients”.

Peritus have chosen an ideal time to enter the market as demand for experienced and reputable deepwater subsea and floating systems engineering resources is forecast to tighten considerably over future years with the oil and gas industry continuing its move into deeper waters. This shift will place even tougher technical challenges on future projects and the companies involved.

“We see the key to our success as remaining highly flexible in our approach to meeting client’s needs and of course, attracting and retaining the best minds in the business. To do this Peritus will operate as an independent business, though will utilise the world-class project management and financial systems of our major shareholder Clough Limited, to respond to ever evolving needs of offshore contractors and operators” says Mr Hindmarsh.

Tags: Peritus International