There will be rise in demand for offshore equipment, Aquaterra says

Aquaterra Energy is forecasting a rise in demand for rental equipment in the oil and gas market due to the return of confidence in the economy and because of the discussions about the introduction of a new industry regulator that will help revitalize exploration progress.

Products expected to be in particular demand are Aquaterra Energy’s heavy duty H4 subsea connectors, with exceptional bending capacity making them suitable for most offshore operations, and NT2 surface connectors, used to minimise rig time for riser applications, providing the connection between the rig BOP and the surface riser tension joint.

Eric Doyle, Regional Director – Europe at Aquaterra Energy said: “The availability of high specification, field proven shallow and deep-water equipment from stock, provides a cost effective solution for oil and gas companies needing to progress drilling programmes efficiently.

“Time and budget are always of primary concern for offshore projects and the option to rent products off the shelf provides an instant solution with minimum capital exposure.”

Aquaterra Energy’s H4, NT2, Speedloc and Fastlock connectors are available from stock to rent on their own with a suite of running and operating equipment, or as part of a complete high pressure riser system.

Doyle added: “However clients choose to purchase equipment, whether they’re renting from stock or commissioning our team for the full scope of design and production, we have a trained team of offshore technicians and a full array of installation equipment to deliver offshore operational support.”

Press Release, April 14, 2014

 

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