New company launched at subsea event
Aberdeenshire East MSP Alex Salmond launched a new North-east company at the recent Subsea Expo Conference in Aberdeen, praising it for showing confidence in the sector at a time of cutbacks.
Oldmeldrum-based Subsea Tooling Services is a new business that produces high quality subsea equipment, predominantly for the oil industry.
The company currently produces a range of ROV operated dredgers and associated dredging equipment, subsea baskets for diver support vessels, tooling baskets, general utility baskets and debris baskets for subsea construction, hydraulic power units and clump weights which are mainly used for anchoring.
All the firm’s dredgers and associated parts are bought and made in Scotland.
The Subsea Expo 2015 event at the Aberdeen Exhibition and Conference Centre ran from February 11-13 and is Europe’s largest annual exhibition and conference.
Mr Salmond said: “I am absolutely delighted to help launch Subsea Tooling Services and their new Predator dredger.
“This piece of equipment represents a substantial advance in subsea tooling and I am pleased to see a company in my constituency showing confidence in the industry at this challenging time.
“Oil prices have been on a downturn which means that wages and conditions can be cut but the oil industry can adapt to this harsh environment by being clever.
“Subsea Tooling Services’ Predator will revolutionise a range of aspects in the sector and I wish them the very best in their future endeavours.”
Billy Milne, company director of Subsea Tooling Services, said that despite the current difficulties facing the sector, he is confident that with proper backing it can prosper.
He added: “There is a lot of worry across the industry as a whole just now but with the right support it can still thrive.
“Products like our Predator dredger, which cuts costs by an estimated 30%, are vital as companies seek to drive down costs throughout the sector.
“The Underwater Centre at Fort William has been an invaluable asset to us while trialling the Predator dredger.”