PSW Technology is following key customers including Odfjell Drilling and Northern Ocean internationally and has established a strategically important subsidiary in Namibia.
Recent deepwater oil discoveries off the Namibian coast, coupled with ambitious drilling plans from international operators, are positioning Namibia as an exploration hotspot. PSW Technology`s establishment is driven by expected deliveries of riser maintenance and the potential of providing other services from PSW Technology’s portfolio including capping stack services.
“This strategic establishment is important for meeting our customers’ demand to deliver our high-quality services worldwide, especially offshore Namibia. This is based upon the forecasted high activity here”, says Richard Cornell, Managing Director of PSW Technology AS.
PSW Technology have extensive experience within maintenance management and serves clients with subject matter experts. Services accommodated includes, but not limited to: Rig services, electro and instrumentation, IMR lifecycle services, BOP and well control, design and engineering, welding, lifting, NDT, make and break, load test jig for riser running tool and offshore wind.
Last year, PSW Technology has signed an extension of their frame agreement with Odfjell Drilling AS for marine risers and subsea equipment services.
The agreement involves services for classification and testing of well control equipment for all the rigs within Odfjell Drilling AS’ portfolio. The contract consists of a fixed period of 4 years with a 2+2-year option. The value of the frame agreement is defined as a substantial contract (2) for the fixed period and large contract (3) if both options are exercised.
PSW Technology has since 2013 had in place a frame agreement for services defined and will continue the work for Odfjell Drilling AS with a new 4-year horizon from the start of fourth quarter 2023.
“We are very proud that Odfjell Drilling AS has chosen PSW Technology as their trusted partner for these services, we understand that the services we provide, are on some of the most critical equipment a drilling unit has and we will do our utmost to make sure that we keep on delivering high-quality and cost-effective solutions for our customers,” said Cornell at the time.