Al Gihaz Contracting has announced the acquisition of assets, Intellectual Property and the management systems of Enshore Subsea, a UK based subsea trenching company, providing seabed intervention services to mega-projects across industry around the world.
A trio of subsea industry specialists here in the North East worked with Al Gihaz to create the new joint venture with the aim of forming a leading seabed intervention and construction management services provider.
Led by the local management directors Pierre Boyde, Wayne Pullen and William Stephenson the new company will trade under the Enshore Subsea name.
The joint venture between management and Al Gihaz will utilise the acquired specialist seabed intervention assets of the company, the skilled team and the company’s track record of completed projects to support the international energy industry as well as aid the Kingdom of Saudi Arabia’s drive to generating 58.7GW of clean energy by 2030.
Services will include subsea engineering and construction management, skilled manpower supply and equipment rental for subsea trenching, seabed intervention, development of seabed tooling technology and submarine flexible product installation.
The acquisition forms part of Al Gihaz Holdings’ ambitions to be at the forefront of new and clean technologies and follows multiple investments in solar and wind power plants in different regions of the world.