DeepOcean acquires Delta SubSea

DeepOcean acquires Delta SubSea

Norway’s DeepOcean has acquired US remotely operated vehicle specialist Delta SubSea in a move to expand its presence in the US Gulf of Mexico.

Delta SubSea owns and operates ten ROVs from its operating base in Texas and provides inspection maintenance and repair as well as light construction services. The ROV fleet is currently mobilised on a fleet of six subsea construction vessels, four of which are Jones Act compliant.

Ottar K. Mæland, interim CEO of DeepOceank commented: “The GOM is a key region for DeepOcean and owning and expanding a platform for the provision of life-of-field subsea services to our customers is one of our main strategic objectives. This acquisition will allow DeepOcean to expand its current operations in the Mexican segment of the GOM into the US segment of the GOM. Delta SubSea will also be DeepOcean’s vehicle for offshore renewables projects in US waters. “We are excited that Delta SubSea’s President Scott Dingman and the Delta organisation have decided to join DeepOcean. Scott will play a key role in DeepOcean’s GOM activities.”

The price of the transaction was not disclosed.

Grant Rowles

Grant spent nine years at Informa Group based in London, Sydney, Hong Kong and Singapore. He gained strong management experience in publishing, conferences and awards schemes in the shipping and legal areas, working on a number of titles including Lloyd's List. In 2009 Grant joined Seatrade responsible for the commercial development of Seatrade’s Asia products. In 2012, with Sam Chambers, he co-founded Asia Shipping Media.

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