Proserv wins major oil services contracts

Posted on 04 Sep 2017 and read 880 times
Proserv wins major oil services contractsAberdeen-based Proserv, an oil services company, has won contracts in Asia and Western Australia worth around £3.1 million in total, as it continues to target decommissioning work world-wide (

The contracts have been awarded by Premier Oil in Indonesia and by Chevron (through Baker Hughes) in Thailand; they relate to Proserv’s well severance, platform and FPSO (floating production, storage and off-loading unit) decommissioning services.

The company has also won contracts from BHP (through Fugro) in Western Australia, and from PCPP Operating Co (through Sapura Technology Solutions) in Malaysia.

It is owned by US private equity firm Riverstone Holdings and employs nearly 1,300 people in 22 operating centres in 12 countries around the world.

Mathieu Al Kharfan, Proserv’s regional president for Asia Pacific, said: “We are delighted to have secured these contracts, which build on our 40-year track record in this sector.

“They are a sign of our growing reputation as a decommissioning services partner in the region.”

Proserv said it would provide abrasive-cutting, cold-cutting and dredging services — and develop custom tooling solutions — to support client engineering and decommissioning challenges.

It added that the latest contracts built on its decommissioning successes in recent months, with around £9.2 million worth of work secured in the Asia-Pacific region, the UK, Scandinavia and the Gulf of Mexico.

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