Red7Marine Invests in ROV Fleet

Business & Finance

Fast-growing offshore company Red7Marine Offshore has expanded its subsea services to North Sea clients by investing in a fleet of remotely operated vehicles (ROVs).

The investment – part of a £25 million investment in equipment this year – secures more skilled jobs at its Great Yarmouth base.

The ROVs are already engaged on subsea services for clients in offshore drilling, inshore renewables, cable laying and inland water industries.

Their purchase is the first step in a wider ROV services plan for the company, including a future purchase of larger ROV systems.

Chief executive Martin Myhill Sisley said: “This investment represents an exciting first step for us in an area of the business that we have already been working and one that we intend to grow with the likely addition of larger ROV systems in the near future.

“An in-house ROV capability along with Red7s’ diving experience strengthens the company’s already significant subsea expertise. This in turn enables us to provide our customers with best-fit solutions, be it from either our own fleet of vehicles or with a managed subcontractor offering larger work class ROV services.”

They are already working on ROV projects, supporting both the company’s diving operations and as stand-alone projects.

Earlier this month, the company announced the acquisition of a new saturation diving vessel, Red7 Alliance, launching its activity in saturation diving, leading to new on and offshore jobs.

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Press release; Image: tms-media