The Global Marine Group, comprised of the largest independent providers of submarine cable installation, maintenance and related engineering services worldwide reported today that it has legally incorporated its Energy business unit into a new company named Global Marine Systems Energy Ltd.
The new energy business, Global Marine Systems Energy Ltd. will focus on the rapidly expanding market for offshore power cable installation around the world.
“The business of installing cable offshore for energy projects is markedly different from our core business of offshore cable installation and maintenance for telecommunications.” said Ian Douglas managing director, Global Marine Systems Ltd.
Vessels and equipment, which have been purpose-built for power cable installation, will become part of Global Marine Systems Energy Ltd., with the Global Marine fleet – the largest offshore cable installation and maintenance fleet in the world, available to the entire Global Marine Group.
“The new energy business will have full access to the fleet and all of its resources.” said John Golding director of fleet operations for Global Marine Systems Ltd.
Global Marine is well-advanced in the construction of a purpose-built vessel, to be named “Cable Enterprise”, which will enter the market in 2012 to specifically address the needs of export power cable installation, offering the capability to carry 4000 tonnes of cable in a single length and to undertake installation from the beach to the offshore installation whether that is a wind-turbine or an offshore oil production platform.
Global Marine Systems Energy has a history of involvement in successful subsea projects in the Energy market such one of which is Gjøa Power Cable project: The Gjøa semi-submersible platform in the North Sea is the first floating production platform to be supplied with electrical power via a submarine power cable running from the mainland. It is the world’s longest alternating current cable to be installed in one piece. Working together, Global Marine Systems and ABB installed the submarine cable which brings electricity from the Mongstad refinery, north of Bergen, Norway, to the oil and gas company’s floating production platform in the North Sea.
Offshore Energy Today Staff , November 23, 2011