North-east marine and subsea service provider Geoships said yesterday it had won contracts worth a combined £3million for the latest vessel in its fleet.
The Westhill firm said the Loch Roag would carry out work for two customers in the North Sea and bring in around £10million in the next year alone.
It comes after Geoships took delivery of the multi-purpose support vessel in April on a £30million-plus charter, leading to 40 new offshore jobs.
Geoships said the first of her two new contracts was with Bluestream, providing air-diving and remotely operated vehicle support on the Borwind Two project. Loch Roag will also carry out air-diving operations on North Sea installations for Integrated Subsea Services (ISS).
Geoships chairman Kenny Macleod said: “It is extremely satisfying that Loch Roag has very quickly secured two contracts.
“These types of projects, with Bluestream Offshore and ISS, are perfectly suited to the vessel’s capabilities.
“Loch Roag is a very impressive vessel, with an extensive workscope potential and continues to generate a high level of interest from potential clients.”
Geoships has also opened an office in Singapore to tap into the south-east Asia market, and plans to establish a base in Australia by the year-end. Mr Macleod said: “This is an exciting time for the group and this move plays an important role in the continued expansion of the group’s international reach.
“The Asia-Pacific market is very important to Geoships and by having a presence within the region it allows us to further our business relations and provide local support to our clients.”
Geoships employs nearly 100 people but plans to increase this to about 300 within four years.