AqualisBraemar and CSDC join forces
21 April 2016 – AqualisBraemar and China Ship Design & Research Center Co., Ltd (CSDC) have signed an agreement to cooperate on engineering projects both in China and internationally.
CSDC specialises in shipbuilding and offshore engineering services. It is a subsidiary company of China Shipbuilding Industry Corp (CSIC), the biggest shipbuilding group in China and a market leader for China’s offshore sector.
AqualisBraemar is a specialized offshore marine and engineering consultancy firm, focusing on the shallow and deep-water offshore segments of the oil and gas industry. It is part of Oslo-listed Aqualis ASA.
“I am delighted with this strategic partnership agreement, which I am confident will open up exciting opportunities for both CSDC and AqualisBraemar,” says Reuben Segal, chief operating officer in AqualisBraemar.
Under the agreement, AqualisBraemar and CSDC will cooperate in the fields of engineering, project management, research, innovation and marketing. A key objective is to develop a joint engineering service to offshore newbuild projects in China and elsewhere.
AqualisBraemar and CSDC aim to provide a joint engineering service to all offshore projects, including jack-ups, TLPs, spars, semi-submersibles and FPSOs. They will also provide FEED services, including conceptual design, basic design and national research projects, plus detailed design engineering service for transportation and offshore installation of fixed platforms, floating structures and subsea facilities.
“We are very pleased with the ability to expand our horizon in the international market through close cooperation with AqualisBraemar and its international office network,” says Mr. Li Zhonggang, vice president at CSDC.
CDCS’ parent company, CSIC group, is the market leader for China’s offshore engineering sector. The group has considerable experience in designing and building production platforms, rigs, modules and FPSOs for both domestic and overseas clients.
“CSDC has a clear advantage that it can provide engineering services to CSIC’s yards in China. We will ensure that we will provide CSDC with competitive offshore engineering competence and capacity whenever it is required,” says Peng Yongfei, AqualisBraemar’s country manager in China.
ENDS
For further information, please contact:
Media
Endre Johansen, Corporate Communications AS
tel: +47 41 61 06 05 | email: endre.johansen@corpcom.no
Investors
Kim Boman, CFO, Aqualis ASA
tel: +47 959 63 912 | email: kim.boman@aqualis.no
About Aqualis ASA
Aqualis ASA (OSE: Aqua) is a public company that, through its subsidiaries and associates, offers energy consultancy services to the oil and gas, wind and solar sectors globally. The group employs experienced consultants across 22 offices in 15 countries worldwide. Aqualis ASA operates under three different brands: AqualisBraemar, Offshore Wind Consultants and ADLER Solar. AqualisBraemar is a specialized offshore marine and engineering consultancy firm, focusing on the shallow and deep-water offshore segments of the oil and gas industry. Offshore Wind Consultants is a globally focused consultancy providing independent services to the offshore renewables industry. ADLER Solar is a full-service provider for the PV industry. It offers technical solutions and services for the entire life cycle of photovoltaic plants. Aqualis owns 49.9 percent of ADLER Solar.