Fugro-TS M's Modern Vessels Make their Mark in the Asia Pacific: What's Next?

17 April 2012

In a report in Business Review Australia, what began as an Australian subsea intervention company is now gaining the opportunity to achieve traction in other regions. FugroTSM's rapid growth in the Asia-Pacific market led to Fugro's acquisition of the company in 2011.

Operating in a growing number of strategic markets, FugroTSM offers a broad range of services to the oil and gas and marine industries, including specialised services in subsea intervention, construction, IMR, decommissioning and abandonment. Services provided cover the full "life of field” in the oil and gas sector, the latest in technologies and modern vessels, as well as a range of cost effective rigless-based solutions.

"Since 2009, FugroTSMcontinued to execute awarded work in a successful manner, enabling the company to win contracts of increasing value and complexity in the Asia-Pacific region,” says Operations Director Gordon Murray.

Although many contractors consider working in the Asian market a strategic move to ensure increased utilization of vessels, Asian and Australian market conditions are radically different and challenging. FugroTSM has been able to gain an increased work load in the region due to its ability to select appropriate opportunities that lend themselves to the advanced vessels with increased capability that FugroTSM provides.

"From our point of view, we've targeted differentiating ourselves from other Contractors ,” says Murray. "Our key focus has been on introducing modern, capable vessels to the region, which we believe has been greatly appreciated by our customers.”