Subsea technology and services company Cortez Subsea has clinched a five-year deal to provide an inspection management system offshore Malaysia.
The contract with Repsol is worth a high six-figure sum and will be delivered by Cortez’s team in Kuala Lumpur, with assistance from sister company MCS.
Aberdeen-headquartered Cortez Subsea has been enjoying a purple patch despite the current challenging market conditions in the energy sector.
Earlier this year, it announced the penning of inspection contracts worth more than £1.5 million combined.
Ross Murray, general manager of Cortez in Malaysia, said: “We are delighted to be welcoming new clients to our portfolio which is testament to our investment in new technology, innovation and partnerships.
“The hope is that the industry will continue to adapt and use new technology as the key to unlock the world’s energy resources and keep the subsea industry at the forefront of innovation.”
Mr Murray added: “Despite the current conditions the energy sector is facing we are making great strides in the global inspection market and celebrating successes.
“Our NuWave services bring inspection into the digital age and we utilise the most advanced technology and software to ensure we are bucking the trend in an industry adjusting to a lower oil price.
“We are focused on increasing efficiencies to meet our customer’s needs and we form genuine and successful partnerships to deliver projects which save our customers money.
“Our group of companies take innovation very seriously. In fact, 30 per cent of our staff are dedicated solely to innovation and we invest heavily in coming up with better ways to do things.”