Search Site

BP announces $7bn gas project

The project aims to unlock 3 trillion cu ft of gas resources in Indonesia.

Lulu Retail Q3 profit $35m

For the nine-month period, net profit increased by 73.3%.

Talabat IPO offer price range announced

The subscription will close on 27 Nov for UAE retail investors.

Salik 9M net profit $223m

The company's third-quarter profit increased by 8.8 percent.

Avia to buy 40 Boeing aircraft

The transaction for the purchase of 737 MAX 8 jets valued at $4.9bn.

Aquaterra gets UAE contract

Local in-country inspectors will be deployed to ensure the high quality of work throughout the project. (AFP)
  • Aquaterra Energy will work closely alongside in-country partners to manufacture and transport the project equipment.
  • This will provide thousands of hours of local employment for the region, as well as opportunities for upskilling and knowledge sharing.

NORWICH, UK –  Aquaterra Energy, an offshore engineering solutions, on Tuesday announced a multi-million-dollarcontract with a major Abu Dhabi-based operator to provide offshore riser equipment and services for the decommissioning of eight wells, in 80m water depth offshore Abu Dhabi by 2028.

Aquaterra Energy secured the tender through its leading offshore engineering expertise, regional knowledge, and status as a fully independent riser connector OEM.

The offshore specialists will provide a completion and workover riser system complete with AQC-CW connectors, as well as an additional subsea riser system, tieback engineering and rig modifications.

Aquaterra will deliver a complete end-to-end managed service, providing engineering services, expertise and personnel.

Aquaterra Energy will work closely alongside in-country partners to manufacture and transport the project equipment.

This will provide thousands of hours of local employment for the region, as well as opportunities for upskilling and knowledge sharing.

Local in-country inspectors will be deployed to ensure the high quality of work throughout the project. By working with local partners, Aquaterra will ensure significant carbon savings through minimizing transportation and travel costs.

Managing Director, Aquaterra Energy James Larnder said, “We are delighted to have secured this work in the Middle East and to expand on our decommissioning and riser expertise. This is an important region for us as a business and we’ve seen significant growth here over the last few years.”

He said, “This project represents a step forward in this journey as we spearhead our global expansion.”

Aquaterra Energy has identified the Middle East as a key geography to support its global growth plan.