Harkand dives deeper into North Sea DSV market

摘要

Chaired by oil and gas industry veteran Tom Ehret, Harkand has ambitious plans to increase its turnover to the US$1 billion level in the next five years, acquiring new vessels and new equipment such as work-class and light work-class remotely operated vehicles (ROVs) as it does so. As highlighted previously in OSJ, the company was formed following investment by Oaktree Capital Management in Iremis, Integrated Subsea Services (ISS) and their sister company Andrews Survey in 2012. The three companies merged to form one group focused on the fast-growing inspection, maintenance and repair (IMR) market, and took a major step forward at the end of 2013 when an order for new dive support vessels (DSVs) was placed. The company awarded a contract to Vard Holdings Ltd for a DSV for delivery in the second quarter of 2016. The contract also includes an option for a second vessel.