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We proudly serve a broad range of clientele including the leading oil majors, offshore contractors, drilling rig/semi-sub operators, FPSO owners, state owned oil companies, etc.

Although some premium rigs have been reactivated recently, it is anticipated that the energy markets will be slow to recover. Floating rig growth is expected to be to the tune of 6 % per annum between 2019 and 2027 as per McKinsey Company. Key growth regions will be Africa, Brazil, and the Gulf of Mexico. FPSO market will continue its growth with Brazil and Africa driving most of the demand for tonnage and E&P (Exploration & Production) activity. The actual number of FPSOs set to hit the market, between 2019 and 2022 will be 33 new vessels worldwide.  We also see a large potential in the Middle East due to ageing offshore fleets owned and operated by regional contractors and oil majors.

Expectations for continued moderate offshore market improvements in 2020 have been re-placed by a significant downturn in sentiment following firstly major disruption from the evolving COVID-19 pandemic, and then the collapse of OPEC+ talks, which have led to a sharp fall in oil prices and the development of a of fluid and significantly uncertain situation. Forecasts for offshore FIDs this year have been cut significantly, to close to the 2016 level. Operational challenges for the offshore industry are also growing, whilst strategic transactions (including S&P, FIDs, drilling campaigns etc) are slowing and are more vulnerable. New-building order potential, already weak, now looks set to be even lower (aside from off shore wind related activity). Overall, the short-term looks likely to represent a challenging period for the offshore industry.

In this difficult environment, Subsea Global Solutions has been supporting its clients operating in this industry through generating direct savings in scheduled thruster overhauls and repairs, their de-mounting and re-mounting via our proprietary technology thereby minimizing the cost and time required. We also perform strategic, long term life-time extension repair projects on older FPSOs, helping our clients to extend the useful utilization time of their assets (via fully class approved permanent wet-welding techniques) and avoiding allocation of high capex budgets for asset renewals.

We proudly serve a broad range of clientele including the leading oil majors, offshore contractors, drilling rig / semi-sub operators, FPSO owners, state owned oil companies etc.

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Case Studies

Hull Breach on Tanker

During cargo operations, a submerged pile pierced through the hull. Subsea Global Solutions worked together with owner and class to develop repair plan that included the design and installation of an engineered cofferdam.

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Offshore Oil & Gas

A Blue-Chip oil & gas company incurred several defects and cracks in a critical attachment member of an FPSO’s hull – these defects required repair to allow continued operation.

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Skeg Ripped from Azipod

3 month out of dry dock, galvanic corrosion caused heavy cavitation/erosion damage on PORT and STBD side rudders.

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Subsea Global Solutions Reseats Shifted Tailshaft Afloat and Executes a Stern Seal Repair

The client indicated that the tailshaft had shifted aft approximately 200 mm when the ship’s crew was doing maintenance on the shaft coupling. It resulted in the aft water seal losing contact with the liner, causing large amounts of water ingress into the stern tube.

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Subsea Global Solutions Completes an Afloat Rudder Stock Seal Replacement

This complex underwater repair was completed to the client's satisfaction in 5 days in conjunction with various other repair works. Subsea Global Solutions managed both the underwater and internal portions of this repair to ensure each phase was executed seamlessly.

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Underwater Propeller Blade Straightening – Cold Static Loading

Subsea Global Solutions can restore your propeller blades as a permanent repair, to OEM design geometry by cold static loading with our underwater propeller blade press.

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Double Bow Thruster Removal by Subsea Global Solutions

The benefits of removing a damaged bow thruster afloat are many. The customer was able to prevent further damage to the bearings and gears caused by the presence of seawater in the gear housing and the procedures allows the units to be overhauled prior to the vessels next dry-dock—or, they can be re-installed afloat by Subsea Global Solutions, which would help to eliminate the need for additional tug cost.

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Afloat Bow Thruster Blade Seal Exchange by Subsea Global Solutions

The project was executed with two Subsea Global Solutions teams working around the clock. While the vessel trimming process was in motion, the team onboard the vessel began to drain the oil from the thruster while the dive team began removing the bow thruster tunnel gratings to gain full access to the bow thruster.

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Scrubber Overboard Spool Pipe Repairs with 5 Year Warranty

The installation of complete SOx scrubber systems is entirely possible without taking the vessel out of the water. Subsea Global Solutions' involvement is focused on precision cutting of the hull penetrations for the sea chest openings and overboard spool pipe installation below the waterline.

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Subsea Global Solutions solves serious problems: Assisting a large, fully laden post-Panamax container vessel with steering issues

Subsea Global Solutions solves serious problems: Assisting a large fully laden Post-Panamax container vessel with steering issues. Subsea Global Solutions works with port authorities, class, and manufacturers to provide class-approved in-water float out removal, repair, and refit of a 110 mt rudder. Find out how our underwater inspection and survey services deliver practical, cost-effective solutions to a complex offshore problem. Subsea Global Solutions works with port authorities, class, and manufacturers to provide class-approved in-water rudder float out removal, repair, and refit of a 110 mt rudder. Helping owners safely reduce their risk exposure and related costs that would include diversions, delays, and downtime.

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Galvanic Corrosion on Rudders

3 months out of dry dock, galvanic corrosion caused heavy cavitation/ erosion damage on PORT and STBD side rudders.

View full case study

Offshore Oil & Gas

Hull Cleaning

Although some premium rigs have been reactivated recently, it is anticipated that the energy markets will be slow to recover. Floating rig growth is expected to be to the tune of 6 % per annum between 2019 and 2027 as per McKinsey Company. Key growth regions will be Africa, Brazil, and the Gulf of Mexico. FPSO market will continue its growth with Brazil and Africa driving most of the demand for tonnage and E&P (Exploration & Production) activity. The actual number of FPSOs set to hit the market, between 2019 and 2022 will be 33 new vessels worldwide.  We also see a large potential in the Middle East due to ageing offshore fleets owned and operated by regional contractors and oil majors.

Expectations for continued moderate offshore market improvements in 2020 have been re-placed by a significant downturn in sentiment following firstly major disruption from the evolving COVID-19 pandemic, and then the collapse of OPEC+ talks, which have led to a sharp fall in oil prices and the development of a of fluid and significantly uncertain situation. Forecasts for offshore FIDs this year have been cut significantly, to close to the 2016 level. Operational challenges for the offshore industry are also growing, whilst strategic transactions (including S&P, FIDs, drilling campaigns etc) are slowing and are more vulnerable. New-building order potential, already weak, now looks set to be even lower (aside from off shore wind related activity). Overall, the short-term looks likely to represent a challenging period for the offshore industry.

In this difficult environment, Subsea Global Solutions has been supporting its clients operating in this industry through generating direct savings in scheduled thruster overhauls and repairs, their de-mounting and re-mounting via our proprietary technology thereby minimizing the cost and time required. We also perform strategic, long term life-time extension repair projects on older FPSOs, helping our clients to extend the useful utilization time of their assets (via fully class approved permanent wet-welding techniques) and avoiding allocation of high capex budgets for asset renewals.

We proudly serve a broad range of clientele including the leading oil majors, offshore contractors, drilling rig / semi-sub operators, FPSO owners, state owned oil companies etc.

Looking for underwater maintenance and repair services?

Contact Us 24/7
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