Odfjell Drilling has announced the signing of a cooperation agreement with William Jacob Management (WJM).
Under the agreement, the companies will mutually deliver engineering services of offshore drilling facilities to the global energy market.
The services will include conceptual and front end engineering and design (FEED) studies, project planning, procurement, commissioning / startup, construction management and maintenance.
The strategic partnership leverages Odfjell Drilling’s drilling expertise in fixed and mobile offshore drilling units (MODU), including an impressive 6th generation fleet, with WJM’s execution of high stakes capital projects, such as Peregrino, Polvo, Azurite, Berkut and the breakthrough modular offshore rig facility (MORF). According to the company, the sum of their efforts will target clients in need of new build drilling facilities or maintenance to an ageing fleet.
Under the agreement, WJM will also provide engineering and project management services to complement and strengthen the execution teams of Odfjell Drilling’s projects globally.
The alliance will secure a unique combination of technical proficiency and operational capabilities sustaining a strong focus on innovative technical solutions that will improve operating results for customers, the press release read.
Ultimately, this alliance will provide an extended footprint for both firms, which have a market presence in major hubs throughout the oil and gas industry.
This will, in turn, improve proximity to customers and enable diversity in locations for the engineering and project teams, the company said.