Page 56: of Marine Technology Magazine (October 2014)

International energy consultancy Xo- dus Group announced the launch of a global subsea engineering com-pany in partnership with major oil and gas contractor Saipem and mid and downstream oil and gas giant Chiyoda Corporation.The new organization plans to chal- lenge the largest tier one subsea engineer- ing companies for a share of the global market. It will be headquartered in Lon- don and have a presence in several cit- ies across Europe, Africa, the Americas, Middle East and Asia PaciÞ c including eight dedicated engineering centres in priority energy locations. Xodus Subsea engineering services will take a unique approach to technical subsea challenges by bringing together Xodus GroupÕs front end engineering ca- pability, SaipemÕs turnkey Engineering, Procurement, Construction and Installa-tion expertise and ChiyodaÕs experience in managing large scale international projects. The company will offer a wealth of technical subsea expertise and also have access to more than 1,000 multi- discipline engineers through the partner companies.ÒThe launch of Xodus Subsea marks a new era of subsea engineering support to the global oil and gas industry,Ó said Co- lin Manson CEO of Xodus Group. ÒFor the Þ rst time operators can choose a sub- sea engineering company that is backed by world leading contractors without being exclusively tied to them. We have the global reach, capability and technical prowess to support the worldÕs largest and most complex subsea projects. We offer integrated subsea services to minimize project risk and deliver the best technical results.Ó ÒBecause of the unique way the compa- ny is set up, it will pass on the beneÞ ts of being able to evaluate and select suitable technology early in the decision-making process without being constrained by convention or ownership. The aim is to create clever engineering coupled with accurate, dependable cost estimates that clients can use to make in- formed decisions.Ó Xodus Subsea engineering services cover Þ eld development, projects includ- ing FEED and detailed design, and lifecy- cle consultancy with a focus on working with partners to support the development of new technologies. The company pro- vides extensive knowledge in deepwater engineering, pipelines, trunklines and export systems, riser systems, subsea processing and enhanced oil recovery (EOR). Matt Kirk, AmericasÕ regional di- rector for Xodus Group will take up the new position of Xodus Subsea managing director with other key positions in the leadership team being Þ lled by managers from all three companies. People & Company News New Subsea Company Formed Xodus Group, Saipem and Chiyoda join forces on new subsea company New company will rival largest subsea engineering Þ rms for a share of the global market Xodus CEO Colin MansonOctober 201456 MTRMTR #8 (50-64).indd 56MTR #8 (50-64).indd 5610/10/2014 12:21:33 PM10/10/2014 12:21:33 PM