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Deepocean Awarded Contract for Ploughing Operations on the Nord Stream 2 Project

22/01/2018

Darlington (United Kingdom), 22 January 2018 – DeepOcean Group Holding BV (DeepOcean), a Triton Fund IV company, has been awarded a significant contract for performing ploughing operations on the Nord Stream 2 pipeline in the Baltic Sea.

The Nord Stream 2 Project concerns the construction of an offshore natural gas transmission system comprising of two 1,220km pipelines from the Russian Baltic Sea to the German Baltic Coast.  In December 2017, Nord Stream 2 AG awarded DeepOcean a contract for ploughing operations along pre-defined sections of the pipeline. The award covers project management, engineering, survey and ploughing activities.

The onshore project team will work out of DeepOcean’s offices in Darlington, UK. Offshore execution will be performed with DeepOcean’s AMP500 Plough in two campaigns over 2018 and 2019.

DeepOcean’s Commercial Director for Cable Installation & Trenching, Andrew Piasecki, said: “DeepOcean are proud to be selected by Nord Stream 2 AG as their solution for ploughing works on this milestone project. We shall deploy our AMP500 plough to bury the 48” pipelines, building upon our extensive experience in the offshore trenching market and enhancing our position as a trusted partner for challenging burial projects. We look forward to supporting our client in delivering this key project safely and to specification.”

About DeepOcean
DeepOcean is an integrated provider of safe, high quality, innovative services and technologies for the subsea industry. Demonstrating an extensive track record, DeepOcean offers a breadth of subsea services, including Survey and Seabed mapping, Subsea Installation(SURF), Seabed Intervention, Inspection, Maintenance and Repair (IMR), andDecommissioning.

This strong portfolio of services, coupled with a fleet of owned and controlled specialized equipment and multi-purpose support spreads, enables DeepOcean to bundle its subsea services to deliver cost-effective, tailored solutions to meet individual client needs.

DeepOcean strives for relentless customer focus and operational excellence, supported by a global team of highly professional and experienced project teams. The company delivers innovative engineering solutions and turnkey project management for complex offshore operations.

The company is an efficient offshore service provider operating in the oil and gas, offshore renewables and electrical power transmission industries, with offices in Norway, UK, Netherlands, Brazil, Mexico, Ghana and Dubai.

For further information: www.deepoceangroup.com

About Triton
The Triton funds invest in and support the positive development of medium-sized businesses headquartered in Europe, focusing on businesses in the Industrial, Business Services and Consumer/Health sectors.

Triton seeks to contribute to the building of better businesses for the longer term. Triton and its executives wish to be agents of positive change towards sustainable operational improvements and growth. The 35 companies currently in Triton's portfolio have combined sales of around €14.1 billion and around 91,000 employees.

The Triton funds are advised by dedicated teams of professionals based in Germany, Sweden, Norway, Finland, Denmark, Italy, the United Kingdom, the United States, China, Luxembourg and Jersey.

For further information: www.triton-partners.com

 

Press Contacts:

Triton
Marcus Brans                                                 
Phone: +49 69 921 02204                         

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