Stolt, armed with ETPM, using Warri, Lobito yards to expand in West Africa

摘要

French offshore contractor ETPM has come through an uncertain spell, while parent group GTM Entrepose sought to dispense with its services. An attempted takeover proved too much for Global Industries to handle. Late last year, the reins passed instead to ETPM's subsea rival Stolt Comex Seaway. The latter wasted little time restructuring the two companies into a single organization named Stolt Offshore. ETPM's North Sea operations are now being supervised totally from Aberdeen, but its Paris headquarters have been retained to mastermind group operations in West Africa, the Middle East, and southern Europe, in recognition of ETPM's recent progress in these regions. This operation also now has access to Stolt Offshore's wide construction vessel spread, allowing it to pitch for more ambitious EPCI assignments.