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Cortez Subsea inks Malaysian deal

By  AOG Staff Thursday, 09 April 2015 03:43
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Aberdeen-based Cortez Subsea has established its first Malaysian business alliance to introduce its supply chain capabilities into the region.

Cortez Subsea will join forces with procurement and engineering company Oceancare Corporation Sdn Bhd (OCBS) to equip the firm with their modular pipelay system (MPS) which has NOV Tuboscope Zap-Lok connection technology.

The alliance will allow the companies to put their joint technology capabilities forward for PETRONAS’ vender development program.

“We are gearing up for an intense period of activity in our business with increasing demand in the industry for the services we provide across subsea pipeline, inspection and intervention,” said Alasdair Cowie, managing director of Cortez Subsea.

“This alliance provides the platform for us to export our technology to a new international market with a well-respected and established regional partner.”

MPS allows the use of the Zap-Lok connected pipeline to be installed from any suitable offshore multi-purpose DP vessel. 

Designed to facilitate the storage, handling, connection and deployment of the pipeline in an S-lay configuration onto the seabed, it can deliver up 5km of pipe per day.

According to Cowie, Malaysia will lead the Southeast Asian region for offshore investment over the next three years with a number of major projects and significant fields expected to come on-stream.

“Across the entire pipeline market, Malaysian developments are expected to require the largest expenditure over the next five years so there is a substantial market opportunity for proven technology suppliers like us,” he concluded. 

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