James Fisher Subsea Excavation (JFSE), part of James Fisher and Sons plc, has formed a joint venture with Ocean Team Asia Pacific (OTAP) to form James Fisher Ocean Team Ltd., a global subsea excavation specialist.
OTAP provides solutions to help global energy businesses expand in China and overseas, while JFSE is a leading M/CFE specialist working in 46 countries.
The goal of the new venture is to provide better service to customers in China by having equipment permanently in the country, and local operational and project management personnel. The new company will work on developing opportunities in the oil and gas sector, as well as the offshore renewables sector, combining its global experts with regional knowledge. JFSE has worked with OTAP for more than four years and has been working in China for eight years on projects such as pipeline and cable trenching, deburial and freespan correction works.