DeepOcean buys Delta SubSea

Apr 23, 2018
2 min read
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Norway's DeepOcean has acquired Texas-based Delta SubSea to expand its presence into the U.S. Gulf of Mexico.

Delta SubSea is a provider of Inspection Maintenance and Repair (IMR) and light construction services with a strong focus on the US Gulf of Mexico (GOM) and U.S. based customers with international operations such as West Africa, Trinidad & Tobago and Guyana.

The acquisition will allow DeepOcean to expand its current operations in the Mexican segment of the GOM into the US segment of the GOM. Delta SubSea will also be DeepOcean’s vehicle for offshore renewables projects in US waters.

“We are excited that Delta SubSea’s President Scott Dingman and the Delta organisation have decided to join DeepOcean. Scott will play a key role in DeepOcean’s GOM activities”, said Ottar K. Mæland, DeepOcean’s interim CEO. 

The GoM is a key region for DeepOcean and owning and expanding a platform for the provision of life-of-field subsea services to customers is one of its main strategic objectives.

Scott Dingman, president of Delta SubSea stated, “I view this as a great opportunity to continue to build on the successes of Delta SubSea and DeepOcean. Going forward we will be able to offer our clients a broader set of comprehensive engineering and subsea services in a significantly broader geographic context."

Delta SubSea’s experience will be complemented by DeepOcean’s experience in SURF, trenching and power cable installation, larger scale projects, project management and engineering capabilities.