Tekmar Energy Limited (TEL) and Subsea Innovations Limited (SIL) signed a strategic collaborations agreement to collaborate in sales, product development and strategic initiatives towards cost and risk reduction in OWF cabling equipment and O&G SURF and pipeline ancillaries.
The two companies signed the agreement to cooperate on developing new solutions for offshore cable and SURF installation equipment, advanced pipeline repair systems and subsea sealing solutions, SURF and cable protection solutions, and bespoke tooling for offshore installations.
James Ritchie, CEO Tekmar Group, said: “Both sectors (Oil and Gas and Offshore Wind) now face the same key challenge in price pressure and need to see cost and risk reduction to ensure sustainable demand. Within Offshore Wind we intend to leverage our customer and cabling experience with SIL to develop new tools and equipment to support this challenge.”