The announcement is the culmination of what has been a highly successful year for TSC Subsea, which saw it experience growth across all aspects of its business through global expansion, the introduction of a range of new tools to the market and an increase in its workforce of almost 40 percent.
One of the new tools developed by TSC Subsea this year – ARTEMIS® vCompact
One of the highlights was the opening of the company’s first branch in Brazil earlier this year with a new country manager in place to spearhead growth. That has resulted in TSC Subsea winning a number of major new contracts with leading energy operators and establishing a new country-based operations and equipment pool.
“Brazil has been a real growth area for the company in 2021,” said Paul Cooper, President of TSC Subsea. “That will continue throughout 2022 and we will be further growing the in-country team in response to the upsurge in business. “TSC Subsea is recognized as a company that develops unique technology to solve previously unsolvable issues. That’s a big part of what we do in Brazil, where we have introduced new and exciting technologies and tooling, to meet the needs of that market. That’s why we have been so successful there.”
The company also opened a new sales office in Houston earlier this year, to support client activity in the Gulf of Mexico.
Paul Coopeer, President, TSC Subsea
“The new office covering the Gulf of Mexico is bearing fruit, so we see the GOM as a key area for expansion. We have adopted a similar start up model in Australia. We already have dedicated personnel on the ground there and opening a sales office will enable us to grow our equipment base, to better service our clients operating in that region.
“All three areas have great potential for our future growth because they are highly regulated areas, with aging infrastructure which can make it extremely challenging to carry out subsea inspections. Providing solutions to those challenges is where we excel.”
2021 marked the company’s first full year of operations following the integration of TSC Subsea’s UK business with Norwegian-based Halfwave in August 2020.
“This has been an excellent year for us,” said Mr Cooper. “We provided the industry with new, market-leading solutions to applications for challenging subsea inspection situations. “That has substantially increased our existing tooling capability and the number of tools in our suite and the range of services we can provide to clients.
“We continue to innovate together with our clients, and we are working with multiple operators to develop new and innovative solutions to meet industry challenges and to find safer and more cost-effective ways of maintaining subsea infrastructure.
“We also continue to develop market-leading remote inspection technology which is key to reducing the carbon footprint because it cuts down on the need to move personnel around the world. We use the latest communication technology to support our remotely deployed tooling and we’re looking to push those boundaries even further to increase the effectiveness of operations and to relay that advantage to our clients.”
The company is also making significant inroads to the renewables sector, winning a contract with a leading European offshore wind operator, and completing a qualification process for offshore wind infrastructure.
“Our focus for 2022 and beyond will be to continue our investment in technology and people to ensure continued growth of our service offering to meet and surpass market demand,” said Mr Cooper.