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SeaEnergy sees rising tide of North Sea business

SEAENERGY, the offshore services business, has said it expects to maintain good growth in areas like the North Sea after all three of its divisions won new business in the first half.

The Aberdeen-based business, known as Ramco Energy when it focussed on oil and gas exploration, said the divisions had grown at different rates but combined to ensure a strong increase in business at a group level.

The Return to Scene (R2S) division, which produces 360 degree images of offshore facilities, appears to be benefitting from strong activity levels in the North Sea and the Gulf of Mexico. Oil and gas firms are trying to increase output to meet strong demand.

"With a strong order book for the second half of the year driven by growing demand from the UK North Sea, US and Mexican markets and additional international potential, the trend for R2S to have a strong second half of the year is expected once again, with forecasts for the second half considerably ahead of the first six months of 2014," said SeaEnergy.

SeaEnergy said demand is emerging in the UK North Sea oil and gas market for a vessel it has designed to provide easy access to rigs, platforms and other offshore structures.

It is tendering with an Asian firm, Go Offshore, to provide boats for use in the offshore wind market.

The ship management venture SeaEnergy formed with Go in June has three boats under management.

SeaEnergy's consulting arm won additional work for DONG, a Danish offshore wind energy specialist.

Chairman David Sigsworth said directors are "excited about international expansion opportunities for the business, and the realisation of synergies across the Group".

SeaEnergy cut losses to £800,000 in 2013 from £2.4m in 2012.

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