Da er kunden avslørt

Offshore Wind Consultants Ltd (“OWC”), a wholly owned subsidiary of AqualisBraemar ASA, has entered into a contract to provide engineering services for Simply Blue Energy and Total’s Erebus floating wind project located in the Celtic Sea offshore Wales, UK.

https://aqualisbraemar.com/all-media/news/owc-to-support-erebus-floating-wind-farm/

The AqualiBraemar Marine team recently provided technical due diligence covering the vessels and ports to J.F. Lehman & Company for its successful acquisition of Global Marine Group, a leading provider of subsea cable maintenance and installation services to the telecommunications, offshore wind (CWind vessels), and utility markets worldwide.

https://aqualisbraemar.com/all-media/news/aqualisbraemar-provides-technical-advisory-j-f-lehman-company-in-its-acquisition-of-global-marine-group/

Kan håpe det Ballrogg! :) Ikke vært mye info fra selskapet, så håper du har rett.

2020 har startet bra

- Mange innsidekjøp
- Varsler utbytte på 0,2NOK
- Varsler halvårlig utbytte
- OWC kontrakt

Gratulerer med dagen!!!
Aqua melder at de har fått kontrakt!! Det må vel være første gang på mange år...? Ikke at de har fått kontrakt men at de melder det.. Hva skjer?? Er det ny »policy» på gang?

Større OWC kontrakt!


AqualisBraemar awarded major contract for offshore wind engineering services
5 March 2020 – Offshore Wind Consultants Ltd (“OWC”), a wholly owned subsidiary of AqualisBraemar ASA (“AqualisBraemar” or the “Company”), has entered into a contract to provide engineering services for an offshore wind development project on the UKCS with an undisclosed client.

The contract is for a term of approximately three years, and the scope of work includes Owners Engineering and Project Development Support. The revenue under the awarded contract over the full term is expected to exceed USD 6 million.

For further information, please contact:

Investors and financial media;
Kim Boman, CFO, AqualisBraemar ASA
Telephone: +47 959 63 912

Flott selskapet har OWC:)
www.greentechmedia.com/amp/article/offshore-wind-to-attract-more-than-200b-between-2020-and-2025

Offshore Wind to Attract More Than $200B Between 2020 and 2025
The gap between capital expenditures into offshore upstream oil and gas and offshore wind will shrink rapidly over the next five years.

Ja, lukter mer økning for OWC i 2020-2025.
Tvingende nødvendig for enkelte å kjøpe/selge 1 hel aksje? Om det da ikke er robotene som utfører disse.

OWC økte oms med 46% Siste år.

Highlights Q4 2019

Proposed dividend of NOK 0.2 per share, moving to semi-annual schedule

Revenues of USD 18.8 million (Q3 2019: USD 18.0 million. Q4 2018: USD 19.6 million pro-forma combined, USD 9.8 million Aqualis stand-alone)
Operating profit (EBIT) of USD 0.4 million (Q3 2019: USD -0.2 million. Q4 2018: USD 0.9 million Aqualis stand-alone)
Billing ratio of 69%
Quarterly improvement driven primarily by offshore activity in Middle East and Americas
Integration progressing on track – cost synergy estimate of USD 2.5 million maintained
Robust financial position with cash balance of USD 10.9 million

Utdrag: Innsiderapporten 20 januar 2020

I det lille ingeniørselskapet AqualisBraemar, som leverer tjenester til offshorindustrien, har innsiderne gjort fire kjøp hittil i år. Styreleder Glen Rødland har i to runder kjøpt seg opp for 2,7 millioner kroner, og direktør Haakon Brandrud, har kjøpt seg opp for 300.000 kroner over to dager. I fjor og i 2018 gjorde innsiderne totalt 13 kjøp, mens det ikke ble meldt noen salg. Aksjen er maksimalt positiv på Investtechs innsiderangering.

https://www.investtech.com/no/market.php?product=60&MarketID=1

Andre melding om innsidehandel i år:
17.01.2020

AQUA: Primary insider notice
The following primary insiders have today bought shares in AqualisBraemar ASA (“AqualisBraemar”):

Gross Management AS, a company controlled by Glen Rødland, Chairman, has bought 540,000 shares at an average price of NOK 4.20 per share. Following the transaction, Rødland and his close associates hold 10,024,777 shares in AqualisBraemar, representing 14.2% of the outstanding share capital.

Haakon Brandrud, Director of Strategy and Corporate Development, has bought 60,000 shares at an average price of NOK 4.20 per share. Following the transaction, he holds 185,200 shares and 135,000 share options in AqualisBraemar.

https://owcltd.com/owc-strengthens-london-office/
Offshore Wind Consultants (OWC) continues its rapid growth and has hired two new principal consultants to further strengthen its operation in London, UK.

https://newsweb.oslobors.no/message/492959
The following primary insiders have today bought shares in AqualisBraemar ASA (“AqualisBraemar”):

Gross Management AS, a company controlled by Glen Rødland, Chairman, has bought 116,781 shares in Aqualis, at an average price of NOK 3.58 per share. Following the transaction, Rødland and his close associates holds 9,484,777 shares in AqualisBraemar, representing 13.5% of the outstanding share capital.

Haakon Brandrud, Director of Strategy and Corporate Development, has bought 15,200 shares at an average price of NOK 3.58 per share. Following the transaction, he holds 125,200 shares and 135,000 share options in AqualisBraemar.

AqualisBraemar kan bli en av vinnerne i 2020, uten tvil.

-Først og fremst fordi selskapet er lavt priset og sitter på mye kontanter.
-Det andre at synergiene fra sammenslåingen med Braemar vil vises utover 2020.
-Det tredje at prosjekter innen vind som starter i 2020 skal fire-dobles fra året før. Olje og gass stabiliserer seg, og shipping er på vei opp.

Det blir mye å gjøre for konsulentene i AqualisBraemar og timeprisene kan skurs opp. Her skal det ikke store økningen på bunnlinjen før selskapet ser meget billig ut. Det kan fort bli rally da. Nedsiden ser derimot begrenset ut med en prising på 266 mill. og der selskapet sitter på 90 millioner i kontanter. Det tas mål om utbytte for 2020.

Her siste presentasjon:

https://aqualisbraemar.com/wordpress/wp-content/uploads/2019/11/AB-Q3-2019-presentation_Final.pdf

https://aqualisbraemar.com/all-media/news/aqualisbraemar-enters-south-american-partnership/

AqualisBraemar has entered into a strategic partnership agreement with Quorumad S.A. to cooperate on projects in the energy sector in Colombia, Ecuador and Peru.

Burde brukt kontantbeholdning og energi på å utvikle OWC selskapet i stedet for å kjøpe opp Breamar oil and gas. Idioti! Verden jobber livet av seg for å skifte til fornybar men AqualisBraemar klorer seg fast til det «gamle» !!! Tragisk!!

December 4, 2019: AqualisBraemar is set to launch an international recruitment drive to ramp up its adjustment business serving all aspects of the oil, gas, power and marine sectors.

https://aqualisbraemar.com/all-media/news/aqualisbraemar-to-ramp-up-international-adjusting-business/

* Ser topp 5 på aksjonærlisten er uendret fra august til november utenom Bjørn Stray som økte fra 3,2% til 4,3

For de som måtte være interessert :)

Major milestone for AqualisBraemar, September 30, 2019
https://aqualisbraemar.com/all-media/news/major-milestone-for-aqualisbraemar/

Bra noen gjør analyse av Aqua, dobling per dagens kurs.

https://finansavisen.no/investeringer/borsintervju/2019/09/24/6962540/sparebank-1-markets-analytiker-ser-over-100-prosent-oppside-i-oljeservice-konsulenter

AQUA: Q2 2019 financial results
AqualisBraemar
29.8.2019, 07:30·Oslo Børs

HIGHLIGHTS Q2 2019

- Announcement and closure of the acquisition of the majority Braemar Technical Services ("BTS") and creation of united brand AqualisBraemar
On 30 June 2019, BTS was consolidated in AqualisBraemar accounts
Revenues of USD 9.9 million in Q2 2019 vs USD 9.6 million in Q2 2018 (Aqualis stand alone)
Operating loss (EBIT) of USD 0.3 million in Q2 2019 vs USD 1.0 million in Q2 2018 (Aqualis stand alone)
Adjusted EBIT of USD 0.5 million in Q2 2019 vs USD 0.7 million in Q2 2018
(Aqualis stand alone)
Billing ratio of 85% in Q2 2019 (Aqualis stand alone)
Continued solid HSE performance and no lost time incidents (LTIs) during the quarter
Robust financial position with cash balance of USD 7.8 million on 30 June 2019
(AqualisBraemar)
Offshore renewable business continues strong growth with 117% increase in revenues from Q2 2018
Order backlog increased to USD 10.7 million (Aqualis stand alone)

"Q2 2019 has been dominated by the announcement and closure of the acquisition of the majority of Braemar Technical Services. We are very excited as the combination creates a strong platform for developing the combined group and increasing shareholder value. The transaction is also a step forward to consolidate our industry.

Our clients will benefit from access to new capabilities, broader suite of services, larger workforce and increased geographical footprint to enable even quicker operational support at or in close proximity to our clients' offices and assets. Our ambition is to meet the increasing expectations of our industry globally and to be recognized as the 'go to' consultant of the shipping and energy markets.

Although a competitor, the fit between the two companies is compelling with marginal overlap and very limited direct competition. We have exciting business opportunities ahead with an expanded combined network of 48 offices in 33 countries, an enhanced serviced offering and large pool of talented staff.

It is particularly pleasing that the announcement has been well received by our clients and the market in general which gives us a great foundation from which to build. Our current focus is on bringing the two companies together and realizing synergies from the combination

Our renewables arm, OWC, has performed very strongly in an increasingly robust, though competitive, market. Growth opportunities continue to manifest themselves and some good new contract wins have been landed in the consultancy market.

Our performance in the oil and gas market, which continues to gradually stabilize and give indications of improvement, have been a little weaker than we expected driven mainly by marine operations, and new contract awards in general, being delayed for various reasons.

The integration with BTS is proceeding according to plan. We are maintaining a strong focus on serving our clients and expanding our business during the integration phase. We have raised our cost synergy target from USD 1.1 million to USD 2.0 million. The rights issue carried out after the quarter was well received and oversubscribed.

We are excited about the opportunities that lies ahead as a combined company with increasing demand from cyclical recovery in the oil & gas market and the continued expansion of the offshore renewables market. We are well positioned to meet these demands with AqualisBraemar's strong service offering" says Mr. David Wells, CEO of AqualisBraemar ASA.

New frame agreement for AqualisBraemer: https://aqualisbraemar.com/all-media/news/rig-inspection-contract-to-aqualisbraemar/

It is good to see the rig inspection service taking off after a slow start.

Enig, MrInvestor!
I dag kom det også melding om at datterselskapet(OWC) har signert en samarbeidsavtale med et stort Indisk ingeniør selskap. Dette for å møte den store havvindutbyggingen som kommer. Er nok derfor utbytte er såpass lavt da man ønsker å ha kapital til etableringen av nye kontor samt satsingen på havvind og et stigende oljeservicemarked. Tror dette blir veldig bra og utbytte vil nok øke i årene fremover!

Great Q4 report from Aqualis with 16% revenue growth in 2018 and an EBIT-margin of 6.6%.

I believe 2019 will be another great year with double-digit revenue growth (10-20%) and probably an EBIT-margin of around 7.5-8.5%, now that the lossmaking office in Norway has been closed down.

The stock trades on EV/EBIT of just 4, which is incredibly low for a company of this quality.

The only problem in the Q4 report was the low dividend, which I found somewhat disappointing.

Oslo, Norway February 28, 2018

GROWTH CONTINUES - LED BY OFFSHORE RENEWABLES

HIGHLIGHTS Q4 2018

- Revenues of USD 9.8 million in Q4 2018 vs. USD 8.9 million in Q4 2017
- EBITDA of USD 0.9 million in Q4 2018 vs. USD 0.7 million in Q4 2017
- Adjusted EBIT of USD 0.9 million in Q4 2018 vs. USD 0.6 million in Q4 2017
- Billing ratio of 84% in Q4 2018
- Continued solid HSE performance and no lost time incidents (LTIs) during the
quarter
- Robust financial position with cash balance of USD 5.5 million
- Offshore renewable business growing and increasingly important for group
- Strong operational performance for our new office in Taiwan
- Activity in offshore wind market is high and expanding globally
- The oil & gas market remains challenging with signs of recovery
- Order backlog of USD 7.8 million with increase in pipeline of opportunities


HIGHLIGHTS FULL YEAR 2018

- Revenues of USD 36.2 million in 2018 vs. USD 31.1 million in 2017
- Offshore renewables revenues increased by 37% in 2018 vs 2017
- Offshore oil and gas revenues increased by 13% in 2018 vs 2017
- EBITDA of USD 2.5 million in 2018 vs USD 1.9 million in 2017
- Adjusted EBIT of USD 2.4 million in 2018 vs USD 1.7 million in 2017
- Billing ratio of 83 % in 2018, same as in 2017
- Solid HSE performance and no lost time incidents (LTIs) during the year
- Successful start of new office in Taiwan and launch of rig inspection services

- Payment of dividend of NOK 0.90 per share in 2018
- The Board of Directors proposes an ordinary dividend of NOK 0.10 per share

We have had another good quarter with strong execution and a strengthening of
our market position globally. Our geographical expansion continues through the
opening of an office in Perth, Australia. We look forward to support the oil &
gas and renewables developments in the Australasia region.

The activity in the offshore wind sector remains high and we continue to expand
our operations. Our operations in Taiwan have ramped up quickly and have had
good performance. We are very excited about the future of the offshore wind
business particularly in emerging markets where we have identified several
growth opportunities. This combined with that growth is finally expected to
return to offshore oil and gas investments this year lead us to be optimistic on
a continued strong performance for 2019 says Mr. David Wells, CEO of Aqualis
ASA.

Veldig bra 4q. Selskapet viser veldig god vekst og ser positivt på fremtiden...men... null interesse for aksjen!

Tror oms ligger rundt 9,5 mill dollar, og at resultat etter skatt ligger mellom 0,6 og 0,7 mill dollar.

Bare positive nyheter, men ikke mye fart i denne. Labert volum omsatt per dag osv. Foreløpig greit for meg som sitter long, men litt kjedelig da.
Blir spennede å se resultat for Q4 i slutten av februar.
Og om det blir noe overskudd slik at de kan følge opp den varslete aksjonærvennlige policyen med utbytter.
Har et håp om at de skal klare å legge på seg ca 20% i året slik at vi ser 5 ved slutt 2019, 6 slutt 2020?
Ikke basert på annet en utsikter om generelt bedre inntjening formidlet av Wells.
Ekspansjonen med flere kontorer gjør vel at de nye kontorene trenger litt tid før de begynner å generere inntekter.
Noen som vet om den varslete stengingen av Norgeskontoret i Sandefjord har funnet sted?
Artig om noen andre kan kommentere kursmål, forventninger, nyheter.

Aqualis Offshore sets up office in Australia

Aqualis Offshore has set up an office in Perth, Western Australia, to support oil and gas developments in the Australasia region.

Aqualis Offshore is part of Oslo-listed energy consultancy group Aqualis ASA.
“We have supported important projects offshore Australia in recent years and believe it represents a market with good potential. There seems to be an increasing confidence in growth in offshore activity here, so we feel the time is right to set up a dedicated office in Australia,” says David Wells, CEO of Aqualis Offshore.

In 2017, Aqualis Offshore successfully completed the station keeping jobs for both the giant Ichthys Explorer central processing facility (CPF) and the Ichthys Venturer FPSO.

To head up its Australian operation, Aqualis Offshore has appointed Simon Healy as general manager. Simon is a highly experienced Master Mariner who has held senior positions in Swire Pacific Offshore and run offices in Singapore, Middle East (Doha), West Africa (Douala) and Australia.

Simon will report to Phil Lenox, director – Asia Pacific, in Aqualis Offshore Singapore.

Aqualis Offshore Australia will offer the full suite of the company’s services including concept, FEED and basic design engineering; transportation & installation; marine consultancy; rig moving; dynamic positioning & critical systems; marine warranty; marine casualty surveys; construction supervision; rig inspection, preservation and reactivation; technical due diligence; risk consulting and renewables.

McDermott signs up Aqualis Offshore
http://aqualisoffshore.com/all-media/news/mcdermott-signs-up-aqualis-offshore/

Aqualis Offshore has entered into a master services agreement with McDermott Asia Pacific Sdn Bhd (McDermott) to provide engineering reviews and marine warranty services for the company’s offshore operations in the Asia Pacific region.
The agreement is valid for five years and covers five countries, including Singapore, Vietnam, India, Myanmar and Australia.
Aqualis Offshore will provide engineering reviews and approvals, vessel surveys, towage approvals and marine warranty services for McDermott’s offshore installation and construction projects in the five aforementioned countries.
“Everyone is aware of McDermott’s track record when it comes to offshore construction engineering and offshore operations. To be able to support the company is great. Both our companies have repeatedly demonstrated that highest level of safety and efficiency can be combined when operating offshore. We look forward to supporting McDermott whenever they require our services,” says Phil Lenox, Director – Asia Pacific, at Aqualis Offshore.
Aqualis Offshore will manage the agreement out of its Singapore office, but will utilise personnel and competence from its entire Asian office network to support the contract.
McDermott is a fully-integrated provider of technology, engineering and construction solutions to the energy industry.

Q3 presentation from Shelf Drilling:
https://www.shelfdrilling.com/wp-content/uploads/2018/11/Shelf-Drilling-Q3-2018-Results-Highlights-Presentation_vF.pdf

Slide 4 shows further activity improvement in the Jack-Up Market (Jack-Up movements are around 30% af revenue at Aqualis)
Slide 5 shows most improvement in Middle East (largest, and most profitable, market for Aqualis).

Utrolig at folk selger denne ned mot 4 tallet. Trodde ødelendene som ikke gidder å plukke penger på gaten var ute av aksjen, men tok åpenbart feil. Vel har en så mye penger at en kaster de etter folk er det greit nok, det er nok av mottakere ser det ut for selv om de prøver å loppe selger så godt som mulig. Men det er jo en part of the game.

Aqualis fortetter å vokse jevnt og trutt. Både omsetning og resultat. Kvartal for kvartal.

Strong Q3 report from Aqualis. Key highligths:
- Revenue up 18% (y-o-y)
- EBIT (adj.) up 144% compared to last year - and a very decent margin in Q3, which is normally seasonally weak.
- Loss making Norwegian office to be closed down by the end of the year (good for 2019 outlook).
- Market is improved, but still a competitive situation. Company hope they can start to raise rates in H2 2019.

Aqualis is well on track to deliver 15% revenue growth and 7% EBIT-margin this year. EBIT margin should be even better next year with Norwegian office closed down and continued improvement in the markets.

EV/EBIT for 2019 seems to be below 4 and there will probably come another dividend after the Q4 report.

Link to report, presentation and webcast: http://aqualisoffshore.com/investor-relations/reports-and-presentations/

Fortsettelse følger, faller på positivt resultat.

Gg

AQUA:DRIFTSRESULTAT USD 0,6M I 3.KV 2018 (0,2)

06:07
Oslo (TDN Direkt): Aqualis fikk et driftsresultat på 0,6 millioner dollar i tredje kvartal 2018, mot et driftsresultat på 0,2 millioner samme periode året før, ifølge selskapets seneste kvartalsrapport.
Resultat før skatt ble 0,6 millioner dollar i kvartalet (-0,3), av driftsinntekter på 8,6 millioner dollar (7,3).
Selskapet hade en ordrereserve på 6,4 millioner dollar ved utgangen av kvartalet.

HB, finans@tdn.no

Solid og grei drift med fin guiding.

Nå har insiderne lastet bra opp, blir interessant når årsaken før eller siden kommer til syne.

Håper på en oms over $8,5 mill i morgen og et res. over $ 500' for 3 Q! Noen som har en formening om det?

New order for Aqualis (no amounts mentioned): http://aqualisoffshore.com/media/wind-turbine-installation-ouyang-offshore/

New large shareholder in Aqualis:

We hereby declare that due to a trade of 1,000,000 shares done by Danica Pension Försäkringsaktiebolag 19th September 2018, Danske Bank A/S as per 20th September 2018 indirectly holds 2,468,886 shares and votes in Aqualis ASA through Danica Pension Försäkringsaktiebolag. This holding represents 5.83753 % of the total share capital and total no of voting rights in Aqualis ASA.

New Presentation from Borr Drilling:
http://mb.cision.com/Public/16983/2616249/be9d381e0e3129c4.pdf

Page 4 shows a continued improvement in the jack-up market, which is positive for Aqualis. Movements of Jack-up rigs is an important business area for Aqualis.

#10 and #11 insider transaction (all buying) after the Q2 report:

Asker, 20 September 2018: The following primary insiders have purchased shares
in Aqualis ASA

Kim Boman, CFO, acquired 100,000 shares at an average purchase price of NOK 4,33
per share. Following this transaction Kim Boman holds 500,000 shares in total.

Amish Sanghavi, Group Controller, acquired 100,000 shares at an average purchase
price of NOK 4,33 per share. Following this transaction Amish Sanghavi holds
276,994 shares in total.

New presentation from Aqualis:
http://aqualisoffshore.com/wordpress/wp-content/uploads/2018/09/Aqualis_Pareto-conference-Sep-13-2018.pdf

#9 insider transaction (all buying) after the Q2 report:
https://newsweb.oslobors.no/message/459163

Asker, 11 September 2018: The following primary insiders have purchased shares in Aqualis ASA

Stuart Mill, Group Commercial Director, acquired 35,000 shares at an average purchase price of NOK 4,952 per share. Following this transaction Stuart Mill holds 136,998 shares in total.

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

#8 insider transaction (all buying) after the Q2 report:
https://newsweb.oslobors.no/message/458852

Asker, 6 September 2018: The following primary insiders have purchased shares in Aqualis ASA

Stuart Mill, Group Commercial Director, acquired 1,230 shares at an average purchase price of NOK 4,60 per share. Following this transaction Stuart Mill holds 101,998 shares in total.

https://www.nrk.no/rogaland/her-ender-skandaleskipet-_harrier_-sine-dager-1.14191123

Ingen sak foe økokrim da lengere. Sogar Belona er fornøyd med løsningen.

Rig moves are an important activity for Aqualis Offshore (Rig Moving, Rig Inspections, see webpage for further information):

This presentation from Borr Drilling contains good market updates:
http://borrdrilling.com/wp-content/uploads/2018/08/8704bbf4a51762e1.pdf

Slide 7: Number of rig fixtures are going up.
Slide 9: Offshore (0-125 meters) investments are expected to go up.

Aqualis announce hiring in the new Taiwan office:
http://aqualisoffshore.com/media/oliver-stettner-taiwan-team/

https://www.hegnar.no/Nyheter/Boers-finans/2018/08/OEkokrim-senket-aksje

Økokrim senket aksje
Aqualis ASAs datterselskap Aqualis Offshore, og en tidligere ansatt hos selskapet, er blitt siktet av økokrim, mistenkt for brudd på forurensingsloven.

Det melder TDN Direkt, som siterer DN.

Aqualis ASAs datterselskap Aqualis Offshore, og en tidligere ansatt hos selskapet, er blitt siktet av økokrim, mistenkt for brudd på forurensingsloven.

- Vi kan bekrefte at Aqualis Offshore as og en tidligere ansatt hos Aqualis Offshore as er blitt siktet av Økokrim mistenkt for brudd på forurensningsloven. Vi har vært åpne om vår involvering siden politiet kontaktet oss i mai 2017, sier Wells, ifølge avisen.

Ingen aksjer falt mer mandag, og endte ned 8,56 prosent til 4,70 kroner.

OWC opens office in Taiwan:
http://aqualisoffshore.com/media/offshore-wind-consultants-taiwan/

Offshore Wind Consultants (OWC), a company wholly owned by Aqualis ASA, has established a new office in Taiwan to support the fast growing Taiwanese offshore wind sector.
OWC is an independent engineering consultancy focused on the development and realisation of offshore renewables technology and projects. Offshore Wind Consultants Taiwan Co., Limited will offer offshore wind consultancy services and expertise to the Taiwanese and wider Asia Pacific markets.

“We have secured a number of jobs offshore Taiwan in the past six months. To set up a dedicated office here to be as close as possible to our clients and to contribute towards local job and value creation therefore makes perfect sense,” says Will Cleverly, managing director of OWC’s Taiwan operation.

OWC has secured contracts for providing EPC lead and installation manager roles for an offshore wind developer for a site due to come on line in 2021, and also undertaken work for other clients in the region. This has included providing consultancy services related to wind turbine installation vessels and their suitability for different wind turbines and site locations offshore Taiwan.

Prior to 2018, Taiwan had approximately 8MW wind power installed, but now has ambitions of 5.5GW to be under construction by 2025. In April this year, the Taiwanese Ministry of Economic Affairs (MOEA) allocated grid capacity for ten new offshore wind projects.

“We believe our experience of helping clients reduce CAPEX and work with tight schedules and high risk profiles can be of value to help developers in Taiwan achieve these impressive targets,” adds Will Cleverly.

In 2017, OWC’s parent company, marine and offshore engineering consultancy Aqualis Offshore, also established an office in Taiwan to support local offshore wind and oil and gas developments. OWC’s office, based in the heart of Taipei, will work closely with the existing Aqualis Offshore branch.

“Setting up the Aqualis Offshore unit in Taiwan has been a great success. To complement our capabilities by adding the OWC offshore wind products and services will make us an even more relevant and reliable partner offshore Taiwan,” says David Wells, CEO of Aqualis Offshore.

OWC and Aqualis Offshore are both part of Oslo-listed energy consultancy group Aqualis ASA, an energy consulting group providing consultancy services to the offshore oil, gas and renewables sectors globally.

New contracts for Aqualis (August 8th): http://aqualisoffshore.com/media/egina-fpso-position-keeping/

Aqualis Offshore has been handed the position keeping role for installation of the Egina FPSO offshore Nigeria.
EPCIC contractor for the FPSO, Samsung Heavy Industries (SHI), has awarded the position keeping work to Aqualis Offshore. The newbuild Egina FPSO was towed from South Korea and arrived in Nigeria in late January for final integration of topside modules built in Lagos.

Once the FPSO is located at the Egina field, Aqualis Offshore will manage the position keeping procedure and provide position keeping masters offshore while it is being connected to the pre-installed mooring spread. In total, the Egina FPSO will be spread moored on 16 mooring lines (4×4).

“Having last year successfully managed the position keeping roles for the Icthys Venturer FPSO and Ichthys Explorer central processing facility, we are no stranger to installing large offshore structures. We look forward to supporting SHI and Total with the Egina FPSO, which is a challenging deepwater field development,” says Phil Lenox, Director – Asia Pacific.

Total is the operator of the Egina field, which is located some 130 kilometres off the coast of Nigeria at water depths of more than 1,500 metres. The FPSO measures approximately 330m in length and is expected to have an oil storage capacity of approximately 2.3 million barrels of oil.