Subsea services firm N-Sea has said it is “extremely sorry” to be closing its Aberdeen operation.
Energy Voice revealed this week that the Netherlands-headquartered firm is shutting its doors in north-east Scotland, with 25 workers told redundancy is imminent.
The company has now confirmed that administrators have been appointed and it “cannot secure funding to allow the business to continue to trade in the UK”.
N-Sea said that, in respect of its Aberdeen colleagues and assets “alternative utilisation is being investigated and worked on”.
The firm said: “We are extremely sorry that we have had to take these steps, but they have been taken after careful consideration of the financial information available to us, taking account of our duties and responsibilities as directors, above all, the safe return to home of the staff working for us.”
This week a worker told Energy Voice that an HSE investigation last year into a safety incident on the Fettercairn work boat “affected the reputation massively for operators”.
N-Sea said: “In the case of N-Sea Offshore Ltd based in Aberdeen a number execution issues have been identified, as well an ongoing investigation by the HSE authority regarding a safety breach during offshore operations.
“This has led to the conclusion that significant restructuring and a complete rebuild of our Aberdeen operations needs to take place.”
The company said that CapitalChange, the majority shareholder and parent company of N-Sea group has been reviewing the position of the Aberdeen business, leading to the decision.
Other subsidiaries and partnerships are not affected by the decision.
N-Sea added: “We are following our new company strategy focusing on becoming the go-to total subsea solutions provider, whereby we support the complete life cycle of our clients’ assets, by creating a community of entrepreneurship, knowledge, experience, and innovation.
“Following our company motto: ‘we listen then deliver’ our business focus remains on survey, IRM, UXO and cable related activities in Western Europe, Mediterranean and Middle East.”
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