Middle East

Expro Group Holdings International Limited (Expro) has reported its financial and operational results for the three and six months ended June 30, 2021 with total revenue for Q2 2021 standing at US$176.3mn, compared to revenue of US$156.3mn in Q1 2021, an increase of 13% sequentially.

The company’s net loss for Q2 2021 was US$8.4mn compared to a net loss of US$20.4mn for Q1 2021. Adjusted EBITDA of US$26.3mn increased 58% sequentially, driven by higher revenue, a more favourable activity mix and lower corporate costs.

Mike Jardon, CEO of Expro, commented, “Expro delivered solid performance in the second quarter as our broad portfolio of services, global operating footprint and continued cost and capital discipline enabled us to effectively manage and mitigate ongoing industry headwinds related to the pandemic.”

Intervention leads the way

Jardon continued, “Thanks to the hard work, expertise and commitment of our talented employees, as well as our leading technology platform, we continued to advance our capabilities and deliver differentiated services and solutions that safely enhance our customers’ operational efficiency and improve the sustainability of both Expro’s and our customers’ operations.

“For example, Expro employed its unique CoilHose intervention system to initiate production by unloading heavy completions fluids from a highly deviated well in Asia. This solution successfully delivered both time and cost efficiencies to the client. Additionally, the compact system footprint and associated ease of logistics resulted in a significant improvement in the environmental impact of the operations as compared with traditional solutions.”

“Also during the second quarter, we achieved an industry first by deploying our unique Octopoda annulus intervention system to a depth of 300 metres in the C annulus of a well in Latin America. This system successfully introduced a plug in the annulus which restored casing integrity and enabled production to be safely resumed from the well. We are very excited about the potential of Octopoda as it will allow customers to, cost effectively restore well integrity, resume production and reduce fugitive gas emissions from wells,” Jardon added.

“In recent years, the majority of Expro’s business has been driven by our customers’ production optimisation efforts and their operational expenditures more so than their drilling-related activities and capital expenditures. As a result (and despite the possibility of continuing headwinds related to the pandemic), we currently expect at least modest revenue and margin momentum for Expro over the next couple of quarters, driven by an overall increase in international activity, and positive trends in well testing and production services and well intervention and integrity services, in particular. Beyond the next couple of quarters, an expected recovery in offshore development across geographies reinforces our confidence that Expro is well-positioned for sustained growth, which we believe will be driven by increasing demand for subsea well access services and more complex well construction services, respective strengths of Expro and Frank’s International with whom we announced a definitive merger agreement on March 11, 2021.”

Regional breakdown

The company report noted that their operations in Asia Paciifc were particularly strong primary driven by higher subsea, completion and intervention services revenue in Brunei and Australia. In Brunei, Expro is in the start-up phase of a multi-year well intervention campaign, while in Australia, results benefitted from a generally higher level of customer activity and higher well testing services revenue.

Revenue in MENA was driven by higher subsea, completion and intervention services in Qatar and Algeria. The year-over-year decrease in MENA revenue was primarily driven by lower well testing services revenue in Algeria and Egypt as a result of lower activity levels, partially offset by increase in subsea, completion and intervention services revenue from a new project in Qatar.

In North and Latin America revenue sequential improvement in was primarily driven by higher subsea, completion and intervention services revenue in Argentina, reflecting a strong recovery in activity following Covid-19 related project delays in 2020, and higher well testing services revenue in Mexico and the Gulf of Mexico, which were largely offset by lower subsea, completion and intervention services revenue in the Gulf of Mexico from lower customer activity. The year-over-year improvement in segment revenue was primarily driven by higher well testing revenues in Mexico, higher subsea, completion and intervention services revenue in Argentina and Columbia.

Coretrax, a global well integrity and production optimisation leader, has moved to new regional headquarters as the business gears up for further growth and has supplemented by strengthening its senior leadership team.

New facilities for a new era

The company has consolidated its European headquarters into a new facility at Badentoy industrial estate, Aberdeen, which boasts 70,000 sq ft of offices, warehouse and yard space to support increased business demand across the region.

In the Middle East, following a period of sustained growth, Coretrax has doubled the size of its headquarters in Dubai, United Arab Emirates (UAE), after moving into a new DMCC office space in the city and an operations hub in Abu Dhabi.

Expanding the leadership team

Coretrax has appointed Keith Bradford as the new EARC Regional Manager, to be located at the new facility in Aberdeen. Bradford has more than 25 years worth of experience in the industry and joins the company from Varel Energy Solutions where he was most recently Region Director. Prior to this, he held the role of General Manager with Downhole Products. He will be responsible for leading Coretrax’s expansion across Europe, Africa, Russia and Caspian.

In the Middle East, Murray Forbes has been appointed as Vice President of Sales and Marketing, also bringing more than 25 years’ experience in well operations, technical support and product development. Forbes held several senior positions at major oilfield service companies and was most recently global sales director at Welltec. He will work closely with Coretrax’s global senior leadership team to drive and enhance the company’s current technology offering.

Forbes is supported by Bob Murdoch who has been appointed as Eastern Hemisphere Expandables Operations Manager. Boasting more 30 years’ experience in technical operations, Murdoch joins the firm from Halliburton where he was operations manager – liner hangers. He will be responsible for leading Coretrax’s fast-growing, expandable technology range in the Middle East and Asia Pacific.

Emile Sevadjian has also been appointed as Vice President of Expandables Engineering, having joined from Halliburton.

Kenny Murray, Chief Executive Officer at Coretrax, commented, “Our new, larger offices in Aberdeen and Dubai are a significant milestone for the business as we gear up for further expansion in the next 12 months. Despite the challenges that the Covid-19 pandemic has presented, we are continuing to see increased demand for our technology and this is testament to the high-quality service our people consistently deliver.

“Our new senior appointments each bring substantial knowledge and experience to the business which will be vital as we implement our ambitious growth strategy. As the industry continues to focus on driving operational efficiencies and responsible oil recovery, we are ideally placed to support operations at all stages of the well lifecycle. We already have a healthy pipeline of work moving into the remainder of this year and I look forward to expanding our footprint across the oil and gas and renewable sectors in the coming months.”

The Abu Dhabi National Oil Company (ADNOC) have announced an investment of US$763.7mn in integrated rigless services across six of its artificial islands in the Upper Zakum and Satah Al Razboot (SARB) fields to support its production capacity.

ADNOC Offshore has issued three contracts to Schlumberger, ADNOC Drilling, and Halliburton after a competitive tender process which will help see the company support its production capacity expansion to 5mnbpd by 2030.

The scope of the contracts includes coiled tubing services with thru-tubing downhole tools, stimulation services, including equipment and chemicals/fluid systems, surface well testing services, wireline, and production logging services and tools, saturation monitoring, and well integrity.

Ahmad Saqer Al-Suwaidi, CEO of ADNOC Offshore, commented, “These contracts are an important contributor to ADNOC Offshore’s plans to build our production capacity to over 2 million barrels a day in the coming years to support the ADNOC Group’s smart growth strategy. The award follows a highly competitive bid process, which included a rigorous assessment of how much of the contract value would support the growth and diversification of the UAE’s economy through ADNOC’s In-Country Value Program.”

The six artificial islands covered by the awards are Asseifiya, Ettouk, Al Ghallan, and Umm Al Anbar in the Upper Zakum field and Al Qatia and Bu Sikeen in the SARB field.

Halliburton’s joy in the Middle East continues

ADNOC’s announcement came within days of Halliburton revealing it has also secured a contract to provide production chemicals and associated services for a large IOC in Oman. Halliburton will supply a full suite of customised products along with specialised services to support the in-field chemical treatments across the seven-year contract.

Miguel Gonzalez, vice president of Halliburton Multi-Chem, said, “We are excited to provide our production chemical expertise and management services to help our customer maximise their asset value in Oman. This collaboration aims to improve operational efficiencies and reliability by applying tailored solutions and close alignment between parties.”

Halliburton will manufacture key raw materials for the contract’s portfolio at the new Halliburton Saudi Chemical Reaction Plant. Opening at the end of 2021, the facility increases Halliburton’s capabilities to support Oman and the region.

The plant will have capabilities to manufacture a broad slate of chemicals for stimulation, production, midstream, and downstream engineered treatment programmes.

Global engineering company Aker Solutions has signed a letter of intent (LOI) with AF Gruppen, a leading contracting and industrial group, to merge the two companies’ existing offshore decommissioning operations into a 50/50 owned company.

With the signing of the letter, the companies plan to create a leading global player for environmentally friendly recycling of offshore assets. By joining and focusing their assets, the companies hope to unleash the decommissioning potential across the globe and make a significant contribution towards a sustainable and green transition of the offshore sector.

Kjetel Digre, CEO of Aker Solutions commented, "By combining Aker Solutions’ offshore, engineering and project execution capabilities with AF Gruppen’s decommissioning and construction capabilities, we aim to increase customer efficiency throughout the decommissioning process and maximise the total recycling potential.”

“The company will be uniquely positioned to offer integrated end-to-end services from well plug and abandonment to planning, removal, dismantling and recycling at its own environmental base. Sustainability and circular economy ambitions will be key focus areas for the new entity, and we see increased activity in the market for decommissioning and recycling moving forward.”

Amund Tøftum, CEO of AF Gruppen, added, "Our ambition is to establish a unique recycling player, positioned to offer a total decommissioning solution for the global offshore recycling market. The two parties have complementary strengths and capabilities, with potential to build a global offshore recycling powerhouse. Furthermore, the new entity will deliver on the green, circular ambitions outlined in the UN’s sustainable development goals.”

The two companies represent unmatched and complementary engineering and construction capabilities, offshore and onshore. Jointly, the two units brings extensive capabilities in running large-scale offshore projects, lifecycle and value chain competence and a broad global portfolio of customers and projects. The joint company will have an order backlog of approximately NOK2.5bn.

The transaction is expected to be completed during the second half of 2021 and is subject to due diligence and regulatory approvals by the Norwegian Competition Authorities (NCA).

Achieving a circular economy

Goal 12 in the UN’s sustainable development goals (SDG) is to ensure sustainable consumption and production patterns, in an urgent need to end our reliance on raw materials and achieve a circular economy. These goals will be met by viewing old structures as material banks of dynamic and valuable resources, rather than fixed and final objects. The recycling of steel from decommissioned oil platforms represents a significant contribution to reducing greenhouse gas emissions compared with ordinary steel production in this way and will help to achieve this goal of the UN.

The unit aims to recycle as much of the materials from the decommissioned offshore platforms as possible. Reusing steel results in 70% less CO2 emissions than ore-based production, which corresponds to an emission reduction of 1kg CO2 per kilo of recycled steel. In 2020, AF Offshore Decom, a specialised contractor within AF Gruppen, demolished and facilitated the recycling of approximately 22,000 metric tons of steel, corresponding to a reduction of alternative CO2 emissions of 22,000 metric tons.

The decommissioning market

The offshore decommissioning market has a vast untapped global potential, with approximately 10,000 operational platforms. In the North Sea alone there is more than 900,000 metric tons of top deck expected to be removed during the period from 2020 to 2029. Based on today’s current annual decommissioning spend, it implies that it will take operators approximately 100 years to deplete liabilities for current assets. Thus, a further ramp up of pace is necessary, leading to a positive contribution to the demand for this type of services.

At the Offshore Well Intervention Middle East and North Africa 2021 virtual conference, Neil Ferguson, Business and Sales Development Manager, Well Intervention and Integrity at Expro, demonstrated Expro’s two latest developments in well integrity developed to unlock value for operators.

Ferguson began by noting that it is an exciting time to be involved in well integrity, an area which is attracting more interest from the industry each year. At Expro, ten years ago the main focus of the Well Intervention portfolio was production optimisation, whereas now 50% of its portfolio is well integrity related. To this end, Expro has recently introduced two new technologies to add to their product offerings to serve this market.

Fibre Optics Enabled Slickline

As Ferguson continued, fibre optics is nothing new to the industry and has, for many years, been permanently deployed in wells to monitor wells and identify problems. However, having this installed from the start of the well’s production is, for one, very costly (could amount to around US$500,000) and can also cause problems down the line. For instance, if an operator is relying on these fibre optics 10-15 years after installation the equipment may not function as effectively, with the fibre darkening for instance, meaning operators may not get the correct results they need when they need them.

Expro, therefore have introduced Distributed Fibre Optics Sensing (DFOS) Slickline which is able to be deployed into a well using a standard slickline unit. The DFOS Slickline service means that an operator only needs to deploy the fibre optics when and where they need it, rather than having it permanently installed from the start of the wells life. Expro has the capability to retrofit the fibre into the well for a few hours, get the required results and then it can be redeployed onto the next well – a development with the capacity to optimise capex at the start of a well’s life and opex throughout its life. The DFOS Slickline is capable of diagnosing a range of issues such as tubing to casing leaks, flow behind casing, gas lift valve leaks, leaks at packers, leaks at casing shoes, sustained casing pressure and sand protection.

Ferguson said, “One thing our solution partners worked hard on is our ability to process data on site. Traditional fibre optic can generate terabytes of data per day – we didn’t want to just hand our customers a hard disk of this at the end of the job, so having visualisation and analysis on site was very important to us. Therefore, as part of our offering, we reduce and streamline the data so it is easier to transmit and interpret – we can reduce 2.5 terabytes of raw data into a 30mb manageable file.”

To emphasise the capabilities of this technology, Ferguson demonstrated its use in some case studies. For instance, in the North Sea, DFOS Slickline was used to assist a customer suffering from a tubing to annulus communication issue. The DFOS Slickline was rigged up on the well and took just over 1 shift to perform a survey, before being pulled out again. DFOS Slickline has two embedded fibres; one for distributed temperature sensing mode and the other for distributed acoustic sensing mode, with acquisition from both fibres occurring simultaneously. While the DFOS Slickline was being pulled out of hole the data processing and visualisation task began, the DTS data processing and visualisation task taking just one hour, with the DAS data processing and visualisation task taking just three.

The well integrity issue was swiftly identified as a side pocket mandrel having a faulty gas lift valve leaving the operator free to pursue remediation activities immediately, with the intervention equipment still rigged up onto the well. In this way a customer’s shut in well (which was costing around 2,000 barrels per day in lost production) was swiftly restored to production. Because the DFOS Slickline is so efficient, the operator can go from deployment to remediation in the same intervention and campaign.

Octopoda

Ferguson then turned to the Octopoda Well Integrity Solution, featuring offerings such as line plug services, sealant services and wellhead multi-tools. The crown jewel, however, is the annulus intervention (AI) service, this innovative technology enables intervention into a live annulus with a hose, this to remediate well integrity issues by the pumping of fluids and resins.

In one case study that Ferguson outlined, Octopoda AI was run into the annulus to remediate a fluid barrier. The customer had issues with plugged bleed-off line due to a high viscocity mud in the B-annulus. A subsequent influx of gas into the B-annulus caused a problem which resulted in the well being shut-in. It was estimated that a traditional lubricate and bleed operation would take around 12 months to complete, so the customer called Expro, who was able to design a tailor-made solution with a 6mm hose and tailor made well spring tool to enable intervention into the B Annulus.

To remove the sustained casing pressure, the annulus fluid was displaced with 1.5SG brine. During the operation the annulus intervention system was deployed to a depth of 49m depth below the B-annulus gate valve, a total volume of 40,000 litres of 1.5SG brine was pumped, there were no spills or incidents reported, and the operation was successfully completed with the well flow being reinstated in 25 days.

Octopoda AI can be used in a variety of applications including the removal of sustained casing pressure, spotting of resin for casing integrity remediation, corrosive fluid displacement, preparation for P&A operations and environmental and groundwater protection. Ferguson stated that some of the benefits included cost effective well recovery by restoring well integrity, efficient footprint and personnel requirements, rapid mobilisation of the technology, and a reduced requirement for a workover rig or heavy duty equipment.

Baker Hughes has deployed its remote operations digital technology across Aramco’s drilling operations, encompassing more than 200 sites, the largest deployment of its kind in Baker Hughes’ history.

Building Aramco’s data management infrastructure this project provides the company with a single solution that covers data aggregation from the edge; real-time, unified data streaming and visualisation; data management; software development services; rig-site digital engineers; and monitoring personnel. The project supports Aramco’s ongoing efforts to further drive digital opportunities and initiatives and to enhance operating performance and reduce emissions.

By connecting all drilling sites with an integrated solution, Aramco enhances its view of its drilling operations in real time. Following the contract award to Baker Hughes in 2020, the combined teams worked in close collaboration and deployed the technology 50% faster than originally planned, despite working under pandemic conditions. Baker Hughes teams conducted more than 400 onshore and offshore trips across 350,000 km to install rig-site edge devices and integrate data streaming, monitoring and visualisation capabilities into Aramco’s existing digital infrastructure.

Benefits of Baker Hughes' solution:
• Remote monitoring personnel to receive faster, higher quality, standardised, real-time data delivered through a modern user experience, enabling enhanced well monitoring and management.
• Field-based personnel to have access to a unified view of wellsite operations from all providers on location, enabling effective and proactive mitigation of drilling hazards.
• Office-based personnel to have easy access to current and historical well data for quick visualisation and benchmarking, enabling proactive operations management.

Furthermore, to support the needs of more than 2,000 end users and 24/7 drilling operations, Baker Hughes and Aramco established a dedicated center staffed by a multi-disciplinary team of software engineers, data professionals and field service technicians. As part of Baker Hughes’ localisation strategy, the team is staffed with 90% Saudi nationals who are being cross-trained on essential digital competencies in data operations.

“This remote operations deployment, the largest in Baker Hughes’ history, is a strong example of how we are investing for growth with customers who are driving digital transformation at a rapid pace, such as Aramco,” said Maria Claudia Borras, executive vice president of Oilfield Services at Baker Hughes. “We will continue to expand our upstream digital capabilities to transform core operations, improve efficiency and reduce emissions. I am proud of the Baker Hughes team’s resilience in safely executing this complex project amid the challenges of the pandemic.”

At the Offshore Well Intervention Conference, Middle East and North Africa 2021 host Tural Yusuboc, Senior Engineer of Well Integrity at ADNOC, was joined by an experienced panel to discuss the pressures shaping the well integrity market and the factors that will drive change for the discipline in the future.

Briefly outlining its history, Fayez Issa, Group Well Integrity Advisor for ADNOC, commented, “Well integrity has gone through different stages. If you go back 30-40 years it did not exist, there was minimum knowledge. But then after many incidents and major catastrophes the knowledge of oil integrity has become a vital aspect of oil and gas. It changed a lot ten years ago after the events on the Macondo field in the Gulf of Mexico. Before, people could happily ask things like do we really need to log cement? Is it important to see variations? Do we need special requirements for a gas lift? Additionally, a lot of things were done at minimum costs. Now if a well is planned to last for thirty years it has to be designed to last that long, a change partially due to the environmental challenges and more stringent regulations.”

Nowadays well integrity is a much larger concern for the industry, emphasised by Neil Ferguson, Business and Sales Development Manager of Well Intervention and Integrity at Expro Group, who noted that Expro now has 50% of its portfolio dedicated to this discipline whereas 20 years ago it was just 20%.

Exemplifying why well integrity and surveillance is such an important topic in today’s world, Mustafa Adel Amer, Well Integrity Focal Point at BAPETCO, said, “Ten years ago BAPETCO started doing well integrity management systems which accelerated the building up of knowledge. But unfortunately after the crash in 2014 the company took the decision to save costs and stop things such as corrosion logs etc. Now after six years the company is going to pay more to fix the unknown causes of corrosion and will have to probe the wells.”

While the discipline has grown significantly over the last few decades, the panellists noted that there was still room for improvement. Ferguson, suggested that there was perhaps a bit of a disconnect from integrity as it was so often bound up as part of drilling and production. The participants suggested that if well integrity is kept within these departments it might not perform its role as effectively, but having well integrity as a separate entity within companies would empower it to do so.

Abandonment

Switching the conversation slightly, Ferguson turned the focus on well integrity related to abandonment. He said, “One of my concerns is how do we help customers safely abandon their wells when they need to stay abandoned. There is now an expectation that once abandoned, these wells stay that way forever. The next challenge is figuring out how to do best possible job to ensure integrity in not just in a well’s operating life but once it is abandoned also. I don’t think we will be able to just forget these wells once they are abandoned and there will be elements of risk that will continue to challenge the industry. We have a huge responsibility as we move forward as to what we categorise as well integrity.”

Abandonment remains a difficult topic for the industry as, at the bottom line, it does not return any profit. As the panellists noted, drilling wells is exciting as you then get the reward, but this is not the case with abandonment and so often it can be neglected. This is exemplified by Bloomberg projecting that more than 32 millions wells worldwide are no longer producing and awaiting proper abandonment.

To ensure these operations are carried out and, importantly, are done so in a proper way to ensure the integrity is not compromised, the panellists suggested that cost must be projected forward, so that operators can plan for these financial hit in advance rather than bear the brunt unexpectedly at the end of a well’s life. Additionally, more stringent regulations would ensure that abandonment would be a requirement, but of course the implementation of regulations varies from region to region. Ultimately, the panellists agreed, if there is an event relating to an abandoned well’s integrity, it could easily be a catastrophic event that will affect everybody, not just the local region. Therefore it is also the responsibility of the oil and gas industry, not just the regulators, to ensure the integrity and abandonments of wells is taken seriously and performed in an environmentally responsible manner.

The role of technology

The participants noted that technology has played, and will continue to play, a huge role in the well integrity sector and, in recent years, perhaps the most significant advancements have been made with AI and big data.

Ferguson said, “AI is used in just about everything else we do in day to day life, so why shouldn’t we use it to our advantage in our industry to give us a predictive view on well integrity issues. We are in the era of big data and digitalisation, and there is so much data to look at that is very easy to miss some key information. The capacity for AI to interpret data and predict well integrity issues in the future is a huge cause for optimism and I think it is going to be hugely important moving forward.”

Adel Amer commented, “One of the challenges of performing corrective actions was the unavailability of material. We had one well, for example, that had three failures and we couldn’t acquire the material to replace the faults for one and a half years. But just replying on a simple data model, we can plan ahead for such instances by seeing how many faults occurred in previous years to predict what material we will need in the future. I think more solutions like this are going to come up if we make data available to these smart minds.”

Although enormous strides have been made with digitalisation and AI the panellists noted that there were still areas for improvement which would greatly enhance well integrity capacity. For instance, Issa noted that while there is a lot of data being collected from various sources such as corrosion logs, cement logs etc, there was still not enough surveillance data being conducted. Improving this would only enhance the ability to predict issues and rapidly remediate them.

Another area of improvement is centred around data sharing. As noted, the more data available the easier it is to predict potential issues in the future and, while perhaps there is scope for acquiring more, collectively oil and gas operators hold a plethora of data from locations across the world. If companies were more visible with their data, it would enhance opportunities to rapidly remediate wells and ultimately capture value for operators.

“But this is something the industry is not keen on, sharing products and data. This hinders a lot of the opportunities that could be unlocked without really spending any money,” noted Adel Amer. “If we want to move forward in the digital era we need to exchange data and make data sets available.”

The Covid-19 effect

The panellists also turned to how Covid-19 had affected the well integrity discipline, noting that perhaps the most significant change, which will most likely last into the future, was the withdrawal on reliance from externals. For instance, Adel Amer noted that in Egypt typically the company orders a lot of materials from abroad but this was, of course, dramatically hindered by travel restrictions and so, instead, local companies began manufacturing more advanced equipment. There was also an emphasis on training to ensure that the expertise was available within companies rather than seeking it from exterior sources. Issa noted that in ADNOC the company has recently issued a well integrity e-learning which was mandatory not only for those related to the discipline but also drilling and operation etc to ensure all employees know what they should be looking for.

It was clear from the discussion that while the discipline of well integrity had taken great strides over the last few decades, things such as lack of surveillance and a reluctance to share data was holding it back. Addressing these obstacles would only enhance the field, which would ultimately lead to healthier wells with extended production lives capable of providing more value to operators and the industry.

SEAJET Systems has launched to the subsea intervention market to provide the ability for companies to own and operate the most advanced controlled flow excavation (CFE) technology without third party interference, providing a more flexible, cost-effective and efficient solution.

Established by industry leaders Hector Susman, a pioneer of industry-leading excavation equipment, and Faisel Chaudry, who has more than 15 years’ experience in the sector with Rotech Subsea, Reef Subsea and James Fisher, SEAJET offers one of the most versatile CFE systems on the market. Developed by optimising existing CFE equipment, the company’s build-to-order technology introduces advanced hydrodynamic properties suitable for a wide range of applications and variable seabed conditions. SEAJET offers a tailored aftermarket support package to inspire client confidence to own, operate and maintain their own-in-house CFE equipment.

Chaudry commented, “We’ve launched SEAJET to meet the significant demand for cable trenching and de-burial in the rapidly growing offshore wind market. In addition, the use of CFE equipment continues to escalate in the inspection, maintenance and repair, decommissioning and salvage applications across oil and gas and marine sectors. Our unique mix of expertise in this specific area of subsea intervention provides customers with a solution they can trust.”

Susman added, “Having designed 95% of the CFE tools available on the market today, with the new SEAJET excavator, I have taken all lessons learned over that 25-year period and introduced the most advanced CFE system to date. Our technology has been optimised to work in the widest range of applications and soil conditions. We have honed the real sweet spot between flow and velocity, resulting in something others cannot offer – a flexible solution with enhanced performance and a business model that has efficiency built-in at every turn.”

Headquartered in Dubai, with operations in Europe and South East Asia, the company currently employs a team of seven people. Together, the senior management team has delivered more than 30 builds of MFE/CFE systems and execution of over 600 trenching/excavation projects globally.