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CTC Marine Projects Celebrates Industry Success and is Recognised as NOF Energy ‘Company of the Year’

17 December 2009

CTC Marine Projects (a Member of Trico Marine Group) has celebrated a successful year in the offshore construction industry, which has seen what was a predominantly North Sea operating company, diversify into new regions of the world and new markets.

CTC Marine Projects' success and contribution to the industry has been recognised by NOF Energy, the business development organisation for the UK Oil, Gas and Energy sectors, with the honour of two awards. NOF Energy celebrated the very best of the industry at its Annual Awards and Dinner on 10th December 2009 where CTC scooped ‘Company of the Year' and ‘Innovation and Technology' awards.

The awards mark a year of success for the company, which includes the first diverless subsea construction and development project in the Mediterranean with a contract value of circa USD 30 million, expansion into several new regions including Brazil, China, Egypt and the Middle East and diversification into the Offshore Renewable market.

CTC has made a successful entry into the Offshore Renewables market having completed two workscopes for client E.ON, on Alpha Ventus and Robin Rigg Offshore Wind Farms. CTC is actively pursuing further workscopes in this market, while being very optimistic in the outlook for 2010 and beyond.

CTC is also currently working on its first project in the Middle East where the scope of work includes the laying of power cable which is three times heavier than any power cable previously installed by CTC as well as being the largest power cable ever laid in the Persian Gulf.

The Innovation and Technology award reflects CTC's commitment to innovation, in particular the development of the world's largest underwater tracked vehicle, the RT-1 Rock Trencher, which has had success in its first offshore scope of work for Shell off the West Coast of Ireland.

CTC has also recently announced the contract award of USD 39 million is for the cable lay and ploughing activity on the Jeju Island Project which will increase the order backlog for 2010 and 2011. The workscope, for client KT Submarine, will involve the installation of two 105 kilometre cable bundles between Jeju Island and Jindo Mainland Korea in water depths of up to 160 metres. The first bundle will be installed in 2010 and the second bundle will be installed in 2011. CTC Marine will use a DPII multi-role construction R class vessel for this project, as well as CTC's ISU umbilical plough.

Daryl Lynch, Managing Director of CTC Marine Projects, said: “These two awards are testament to the exceptional hard work, dedication and drive that our team brings to CTC Marine Projects. We have built a global reputation for delivering solutions at the cutting edge of the sectors we work in and these awards are recognition of our achievements.”

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