DeepOcean Expands Into APAC and Middle East with Shelf Subsea Buy

DeepOcean acquires Shelf Subsea

Allen Newton OCEAN services provider DeepOcean has expanded its global reach with the acquisition of independent provider Shelf Subsea Shelf’s coverage of the Asia-Pacific and Middle East regions complements DeepOcan’s eastern hemisphere focus. Øyvind Mikaelsen, CEO of DeepOcean said the acquisition creates a global subsea services player with an extensive portfolio of solutions. “DeepOcean and Shelf Subsea offer similar services, but have disti…

DeepOcean expands into APAC and Middle East with Shelf Subsea buy

EuropeOffshore Shelf Subsea Shelf Subsea Norwegian ocean services contractor DeepOcean has acquired Australia’s subsea services provider Shelf Subsea. DeepOcean has acquired 100% of the shares in Shelf Subsea, expanding its footprint into Southeast Asia, Australia, and the Middle East. Financial details of the deal were not disclosed. Shelf Subsea is headquartered in Australia, with further offices in Singapore, Indonesia, Malays…

DeepOcean acquires Shelf Subsea to create a global subsea player

“DeepOcean and Shelf Subsea offer similar services, but have distinct geographical strongholds that complement each other. When combined, we will provide customers worldwide with access to a comprehensive pool of expertise and capabilities. We look forward to combining our leading technology and innovative solutions with Shelf Subsea’s operations in the APAC region, as well as gaining valuable learnings from their leading project model. We are v…