Mumbai: Offshore oilfield services provider Greatship (India) Ltd. and subsea services provider DOF Subsea ASA have formed a joint venture (JV) together, signing the contract Sept. 8 in Mumbai.
The joint venture will be named Greatship DOF Subsea and focus on subsea project opportunities on the Indian subcontinent. DOF Subsea CEO Steve Brown said, "DOF Subsea is delighted to form this key joint venture with Greatship. Together with Greatship we are committed to building a substantial player in the offshore subsea projects market." Greatship Managing Director Ravi Sheth said, "We are excited about Greatship's joint venture with the world's leading subsea project company. We are very bullish on the prospects of offshore oilfield development off the East Coast of India and we expect the JV to be a leading player in the subsea construction domain." DOF Subsea is based in Bergen, Norway, and specializes in subsea operations to depths of 4,000 meters (13,123 ft). The company has a fleet which includes 25 offshore vessels and 31 remotely operated vehicle systems. Mumbai-based Greatship has six vessels operating worldwide, and 20 under construction. The company provides drilling services, offshore logistics, and offshore construction.
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