Following the recent divestment of its Subsea division to N-Sea Group, Stork is continuing to develop and invest in subsea integrity technology, cathodic protection, bolting, tensioning and tooling operations.
The divestment of Stork’s Subsea division has been part of a strategic review of the business, which signals a continuation of the company’s commitment to offering products, services and innovations on both a stand alone and integrated basis; yet seeking to work with clients in a more strategic way.
One example of this integrated method of working, is Stork’s recent contract win with BG Group. Through a strategic alliance, Stork and WGPSN will work with BG Group’s North Sea operations to provide engineering, project management and construction, shutdowns, asset integrity and maintenance to its offshore facilities over the next 5 years on Armada, Everest and Lomond assets in the central North Sea. The combined contracts value is around £300 million, reinforcing Stork as a first class asset integrity partner.