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JAMES FISHER ESTABLISHES SUBSEA SUBSIDIARY

JAMES FISHER ESTABLISHES SUBSEA SUBSIDIARY

Tuesday, March 23, 2021 

James Fisher, a provider of marine solutions and specialised engineering services, has launched James Fisher Subtech, which sees consolidation of the groupís capabilities into a comprehensive solutions provider for the oil and gas, renewables, nearshore marine civils, and rapid response and salvage industries.

Recognising opportunities to grow its existing oil and gas operations, the new structure will see James Fisher Subtech consolidate its subsea offering to leverage its expertise working in extreme environments.

Giovanni Corbetta, MD James Fisher Subtech, said: “Accelerating trends within the energy industry, particularly the energy transition brought on by the climate emergency, present an opportunity for the group to focus on what it does best – providing expertise for the extremes. Complexity is where we excel, helping to deliver the world’s most complex, technically demanding, and environmentally challenging energy projects in construction, operations, maintenance and decommissioning. By realigning our business, revitalising the leadership team and reinvigorating our culture of trust, integrity and operational excellence, there will be no project too complex for us to deliver on.”

Jonathan Parkes, Divisional Strategy, Sales and Commercial Director, James Fisher Subtech said: “The need for cost effective, creative solutions that assist oil and gas operators to produce more from hard-to-reach and lower profit fields represents a significant growth area for the industry which will require specialist solutions providers that have the capability to execute complex, technical energy projects in harsh environments. There is also a marked increase in renewable investments being made by oil and gas supermajors which makes a compelling case for us to consolidate our experience to serve across the energy space. All complex infrastructure projects share the need to be delivered, operated, maintained and decommissioned in a way that is safe, on time and to budget while taking advantage of the latest technologies and digital innovation. James Fisher is here to do just that, delivering excellence in execution at every stage in the project lifecycle with pioneering spirit.”

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