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UK’s Swire Oilfield sets up Indian unit

UK’s Swire Oilfield sets up Indian unit
PTI
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First Published: Tue, Jan 25 2011. 11 03 AM IST
Updated: Tue, Jan 25 2011. 11 03 AM IST
Dubai: UK-based Swire Oilfield Services, a leading supplier of offshore cargo carrying units (CCU) and modular systems, has announced the establishment of an Indian incorporated entity, headquartered in Mumbai, the first of its kind in the country.
Swire Oilfield Services India Private Limited commenced operations on 20 January and is the only provider in the area to supply CCUs rated by third party certification agency Det Norske Veritas (DNV) for charter-hire or sale to the oil and gas industry, a statement issued by the company said.
Globally, Swire Oilfield Services has over 150 standard unit designs, a fleet of over 50,000 CCUs and supports the world’s largest fleet of DNV 2.7-1 and EN 12079-rated equipment.
Its Indian unit’s director & general manager Nithin Menon said initially, the focus of operations is on the East Coast of India, where the company has established a supply base in Andhra Pradesh.
The base is located in the port city of Kakinada, home to several oil and gas companies and service providers actively exploring and producing hydrocarbons in the Krishna-Godavari Basin, which is considered by many as the epicenter of India’s energy resources.
The facility can perform periodic testing, certification and maintenance of the Swire units in accordance with globally accepted and recognized DNV 2.7-1 standards, he added.
Chief operating officer Rupert Bray said: “Swire Oilfield Services is very proud to be the first internationally recognized CCU and modular provider to be established in India, and we are excited about being part of India’s rapid emergence as an energy giant.”
The new company will initially employ four staff in Mumbai, with the expectation that this will increase as business in India gathers pace. The business already has 200 CCUs on offer in the market, with contracts in place with many major operators and service companies.
In addition, the company will offer the full range of Swire modular systems, including A60 cabins, workshop units, freezer units and storage units.
Swire’s entry into the Indian market is in line with the demands of the country’s oil & gas industry, which is increasingly seeking to adopt enhanced and safer working practices, as per the company statement.
The company will bring its global expertise and quality assurance systems to bear in India at a time when the country’s hydrocarbon and shipping regulators are contemplating the introduction of stricter guidelines for safe carriage of cargo offshore, it said.
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First Published: Tue, Jan 25 2011. 11 03 AM IST