Chiyoda has, in partnership with Xodus Group and Saipem, announced the launch of a global subsea engineering company to be named Xodus Subsea.
According to a statement by Chiyoda, Xodus Subsea plans to challenge the largest tier-one subsea engineering companies for a share of the global market. Xodus Subsea will be headquartered in London and have a presence in several cities across Europe, Africa, the Americas, Middle East and Asia Pacific including eight dedicated engineering centres in priority energy locations.
The statement further says that Xodus Subsea engineering services will take a unique approach to technical subsea challenges by bringing together Xodus Group’s front end engineering capability, Saipem’s turnkey engineering, procurement, construction and installation project experience and Chiyoda’s project management capability of large scale international projects.
Xodus Subsea engineering services will cover field development, FEED, detailed design, and lifecycle consultancy with a focus on working with partners to support the development of new technologies.
“The company provides extensive knowledge in deepwater engineering, pipeline, trunklines and export systems, riser systems, subsea processing and EOR.
Through the launch of Xodus Subsea in addition to the strategic capital alliance with Xodus Group (Holdings) Limited in July 2013, Chiyoda expects to expand its business fields and to provide integrated services covering concept study, pre-FEED, FEED, construction and installation of offshore upstream development projects to enhance the value for customers in the energy sector,” Chiyoda said in a press release.
Commenting on the establishment of the new company, Umberto Vergine, Saipem CEO, said: “We are very pleased to announce the founding of Xodus Subsea with Chiyoda, already a partner of Saipem in the LNG sector, and Xodus Group which has strong expertise in subsea engineering. We believe that the subsea sector is continuing to grow and through this partnership, Saipem will gain an early understanding on how future projects are being developed. We will then be able to anticipate market needs supporting our clients through new technology, improved operations and the whole subsea development chain of activity.”