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Clough forms 50/50 partnership with AMC. (International Highlights).

Clough and Aker Marine Contractors (AMC), an Aker Kvaerner subsidiary, announced the signing of a 50/50 partnership agreement for the formation of a new global subsea construction business to be called CASP (Clough--AMC Subsea Partnership). The company will be headquartered in Oslo with regional offices in Aberdeen, Houston and Perth.

Anne Murer, president of Aker Marine Contractors, said, "Establishing CASP will enable us to reach the global market which is needed with the two specialized vessels Boa DeepC I and II." The company will station one of the vessels in the North Sea while the other will be marketed for work in other parts of the world.

The type of business to be pursued is offshore contracting and associated services world-wide, including, but not limited to general subsea construction, umbilicals, risers and flexible flowline installations; reeled steel pipelay; subsea structures, spools and tie-ins; moorings; light well-intervention; survey/remotly-operated vehicle services; and trenching.
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Title Annotation:partnership will be called Clough--AMC Subsea Partnership
Comment:Clough forms 50/50 partnership with AMC. (International Highlights).(partnership will be called Clough--AMC Subsea Partnership)
Publication:Pipeline & Gas Journal
Article Type:Brief Article
Geographic Code:8AUST
Date:Jul 1, 2003
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