James Fisher and Sons has acquired engineering solutions and consultancy firm Subsea Engenuity, extending its current decommissioning capability under James Fisher Offshore (JFO).
James Fisher stated that the addition of this innovative technology enhances JFO’s capability by enabling full subsea decommissioning solutions from subsea well abandonment through to structure removal.
Additionally, the move will afford customers a route to eliminating ongoing platform maintenance costs, as well as technology for well cap setting allowing the seabed to be returned to its natural state with no pollution impact, the company said.
“I am delighted that James Fisher is taking this step to assist customers in reducing long-term costs and in realising the safe, efficient and environmentally responsible achievement of their decommissioning and sustainability goals,” said Eoghan O’Lionaird , James Fisher CEO.
“The acquisition of Subsea Engenuity’s innovative technology is consistent with our purpose of pioneering safe and trusted solutions for our customers and is evidence of our commitment to proactively align our business choices and investments with support for the energy transition including through the responsible management of existing infrastructure and assets.”
In addition to the intellectual property assets included in the transaction, the co-founder of Subsea Engenuity Richard Henderson will join JFO’s decommissioning team.