Workfox: Global expansion on the cards

Hoofddorp: Dutch offshore operator Workfox has plans to grow its area of business well beyond its North Sea origins. The company currently has five jack-ups all working in the North Sea in both oil and gas as well as the offshore wind market.

Brazil, Mexico, Southeast Asia and Australia are all listed by managing director Keesjan Cordia as potentially interesting places for this European company to expand.

To do this will require more jack-ups, and Martime CEO expects Workfox to be hunting well priced offshore units soon.

“Newbuildings are getting more expensive,” admits Cordia, “but the margins of profitability are still making sense to invest.” He adds: “More advanced and innovative equipment are more expensive but also more efficient.”  [22/07/13]

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