Petrofac has announced the launch of its newly extended KW Subsea business which will enhance the Petrofac Group’s offer in the deepwater offshore engineering services sector in the Asia-Pacific region.
Consistent with the Group’s strategy and ambitions of further penetration into the offshore oil and gas market, the expansion combines local offshore pipeline consultancy, Pegasus Asia Pacific Sdn Bhd. (Pegasus) and international subsea engineering and consultancy business, KW Subsea. The combination of the two niche businesses will facilitate further access to the deepwater subsea, umbilical, riser and flowline (SURF) and pipeline sector.
KW Subsea offers best in class consultancy services in SURF and pipelines engineering, which has historically formed the mainstay of the international service offering from its head office in the UK, with the local pipeline design expertise of the Malaysia based offshore consultancy business, Pegasus. The combined offer covers conceptual design through to front end engineering design (FEED) and detailed engineering, bringing to the Malaysian market a complete high quality and competitive subsea engineering service delivered locally.
Craig Muir, Managing Director for Petrofac’s Engineering & Consulting Services (ECS) business said: “Our KW brand is a well-established name in the international subsea and deepwater arena whilst Pegasus is well positioned and has access to a growing local Malaysian market. Under a unified KW Subsea brand we will continue to grow our regional capability in Malaysia, leveraging the combined expertise and allowing us to provide an enhanced offering to the Malaysian market.”
Press Release, November 28, 2013