Independent journal on economy and transport policy
08:11 GMT+1
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Saipem, Chiyoda and Xodus have created a new society of submarine engineering
One will take care of the realization of studies and the supply of services of engineering and advising
October 9, 2014
Saipem has constituted with Xodus Group and Chiyoda Corporation the society Xodus Subsea with the objective to support the increasing activity in the field of the development of the fields submarines. Xodus Subsea will take care of the realization of studies and the supply of services of engineering and advising, in particular relative to the starting phase of the projects, as Front-end engineering, engineering of concept and the planning of base. Xodus Subsea is participated by Saipem with 50% of the quotas, by Xodus with 40% and Chiyoda with 10%. The new society has center to London and will have an international presence with situated dedicated centers of engineering in strategic Countries.
"We are pleased - the managing director of Saipem has declared, Umberto Vergine - to announce the constitution of Xodus Subsea with Chiyoda, that she is already a partner of Saipem in the field of the GNL, and with Xodus Group, that possesses solid competences in the field of submarine engineering. We believe that the field of submarine engineering will continue to grow and that, thanks to this partnership, Saipem will be able to have a perspective privileged on the development of the future projects. We will be so in a position to previewing the requirements of the market and to supply support to our customers through the entire chain of the activities of submarine development, thanks to the availability of new technologies and to the improvement of the operations".
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