With an aim to expand its engineering and procurement services to support operations and decommissioning in the North East, Tattva Group has announced a UK£2mn investment in Project Development International (PDi).
This will support not only the advancement of PDi’s offerings in subsea engineering and decommissioning but also enhance its wider engineering services in topsides. This allows the company to serve the nation at an apt time, as it navigates policy uncertainty and supply chain volatilities.
Welcoming the move as 'a vote of confidence' for PDi, the company's new CEO, Girish Kabra, said, “Tattva Group’s commitment to PDi — especially amid current policy uncertainty from the UK Government and pressures facing the supply chain – is welcomed, to boost workforce confidence and support the collective regional effort to retain skills in the North Sea.”
“This strategic capital injection of UK£2mn empowers us to expand and elevate our engineering and procurement services, with a sharpened focus on supporting late-life asset management and decommissioning activities. We’re committed to delivering even more flexible and value-added solutions, addressing the evolving needs of the UK energy sector and solidifying PDi’s position as a key partner in the North Sea’s future. This investment means greater capacity, deeper expertise, and a more robust offering to help all our clients and customers navigate their operational and decommissioning challenges efficiently and effectively.”
Explaining the copmpany's strategy behind the move, TR Narayanaswamy, Group Chairman of Tattva, said, “We see a gap in the market where operators are seeking more flexibility and value-added service offerings...With its refreshed management team and focus, PDi is uniquely positioned to meet that need and deliver long term value to clients.”
