STR strengthens presence in APAC region with six-figure investment
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Subsea Technology & Rentals Limited
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01 May 2023
Subsea Technology and Rentals (STR) is further strengthening its presence in the APAC region by securing new custom-designed premises in Singapore as part of its ongoing international growth plans.
STR, a leading provider of specialist survey and inspection rental equipment, products, and data-enabling services to the offshore energy market, has made the move to a larger 10,000 sq. ft. facility - three times the size of its previous premises.
The facility will allow STR to increase its service lines and capabilities and includes a large open-plan electronics workshop that features space to set up and test multiple complete offshore electronic spreads, cable spooling, testing facilities, and state-of-the-art access control features to satisfy the requirements for Singapore Customs Strategic Goods export controls.
With significant investment in its regional resources, including equipment & organisation, the custom-designed facility will enable the business to better support the growing demand from clients based in the region across the offshore energy market.
The move reflects the groupís ambitious growth plans following investment in new larger facilities in the USA and the launch of its 30,000 sq. ft Innovation and Technology Centre in Great Yarmouth, home to the research and development of STRís technical solutions and products.
STRís Regional Director for the Asia Pacific region, Jason French, said: "Our new Singapore facilities are further testament to the ambitious growth plans we have at STR and the trust we have built with our clients. Itís an opportunity to further build on STRís significant presence and reputation in the region.
STR has the youngest and most advanced survey equipment fleet in the world. Offering an industry-leading working environment will provide a platform to attract more talent to our team enabling STR to provide a more extensive and best-in-class response service to our clients across the growing offshore energy market.
Strategically located alongside key logistics channels, we are looking forward to welcoming clients into our new facilities to experience first-hand our operational capability, new equipment fleet, in- house products, and specialist services we can support them with.Ē
STR Regional Director for the Asia Pacific region, Jason French