James Fisher & Sons : Subsea Excavation announces JV to support clients in China 17 January 2018

17 January 2018

Global subsea excavation specialist James Fisher Subsea Excavation (JFSE), has announced the formation of a JV with Ocean Team Asia Pacific (OTAP), a specialist Chinese offshore project, vessel and marine equipment provider.

James Fisher Ocean Team Ltd has been formed to provide an enhanced service to clients in China. Equipment will be positioned permanently in the country to enable efficient mobilisation. Local operational and project management personnel will be delivering JFSE's market leading mass/controlled flow excavation (M/CFE) services alongside the company's global experts - combining regional knowledge with many years of M/CFE expertise for clients in this expanding market.

As well as developing opportunities in the oil and gas sector, the new company will be focused on establishing M/CFE as a time and cost-effective solution for projects in the developing offshore renewables sector.

JFSE's team has had a presence in the region for eight years and its suite of tools has already completed numerous projects for Chinese clients including pipeline and cable trenching, deburial and freespan correction works.

Richard Beattie is regional director Asia Pacific at JFSE, the world's most trusted, experienced and innovative provider of M/CFE services. He said:

'Establishing this new venture shows our level of commitment to clients in China and significantly enhances the services we can provide.

'We are confident our M/CFE tools and expertise will play a vital role in increasing the time and cost-efficiencies on a wide range of projects emerging in the oil & gas and renewables sectors.

'China is an important and growing marketplace. Increasing our presence here is part of our strategic development plan for the continued growth of our business.

'We are delighted to have officially joined forces with OTAP.'

There has been a relationship between JFSE's team and OTAP for more than four years with the companies supporting one another on several projects. OTAP offers global energy businesses the most reliable and cost-effective support, providing integrated solutions to expand their business in China and overseas.

Roger Wang, CEO of OTAP, said:

'This is an important step for us to increase and enhance how we can develop JFSE's M/CFE offering in China. Establishing a local company, contacts and equipment base in China is vitally important to truly realise the potential of our growing marketplace.

'We are excited about the future of James Fisher Ocean Team Ltd.'

JFSE is the world's leading M/CFE specialist with a suite of tools and team responsible for the successful completion of more than 480 projects in 46 countries.