Engineering services firm M² Subsea has won a multi-million dollar contract with TransCanada for work on its 500-mile natural gas pipeline in the Gulf of Mexico.
The company, which is based in Aberdeenshire and Houston, will install grout supports along the southern leg of the Sur de Texas-Tuxpan gas project to prevent stress during installation and testing.
Once completed, the $2.1billion (£15.1billion) pipeline, which runs almost entirely underneath the Gulf, will deliver gas to the Mexican state of Veracruz.
M² ’s Houston office will be responsible for delivering the work scope, supported by the UK team.
The firm will also work closely with Mexican-based Frontera Resources, utilising the multi-purpose support vessel Tehuana.
Mike Arnold, M² Subsea chief executive officer said: “This is a significant milestone for M² Subsea and allows us to continue to gain further experience in the region.
“This is our second project with Frontera in the Mexican sector and we’re looking forward to building our relationship through the delivery of safe, sustainable subsea work scopes.
“Local content is an integral part of our growth plan and we are extremely proud of the strong partnerships we have built with all of our suppliers in Mexico.
“Our company has continued to grow over the last 12 months and this contract is a testament to our team’s hard work and determination as we continue to expand our footprint globally.”
M² is a major independent provider of underwater ROVs and subsea project management and engineering services.
Founded by Mr Arnold, Mark Corley, Mark Wood and Mike Winstanley, M² secured a multimillion-pound investment from private-equity firm Alchemy Special Opportunities late in 2016.
The cash injection allowed the firm to acquire a fleet of ROVs from failed oilfield services and inspection repair company Harkand Group.
M2 moved into Cumberland House at Westhill, last year.
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