Article: Scots company invests big-time

Fast-growing Aberdeen company TS Marine is investing pounds130million in a pair of specialist subsea well intervention and decommissioning vessels, writes Energy's editor Jeremy Cresswell.

They will form the core of ambitious growth plans that could generate more than 200 new on and offshore jobs in the North Sea and worldwide by 2009.

Backing TS Marine is ABN AMRO, which is providing the debt facility to enable the company to finance the ships, which have been designed in Norway and will be built at the Astilleros Huelva yard in northern Spain.

What differentiates this venture from most involving offshore support vessel tonnage is that it is specifically aimed at the well intervention ...

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