Xodus Group, Saipem and Chiyoda Join Forces to Set Up New Subsea Company

International energy consultancy Xodus Group announced the launch of a global subsea engineering company in partnership with major oil and gas contractor Saipem and mid and downstream oil and gas giant Chiyoda Corporation. The new organization plans to challenge the largest tier one subsea engineering companies for a share of the global market. It will be headquartered in London and have a presence in several cities across Europe, Africa, the Americas, Middle East, and Asia Pacific, including eight dedicated engineering centers in priority energy locations.

Xodus Subsea engineering services will take a unique approach to technical subsea challenges by bringing together Xodus Group's front end engineering capability, Saipem's turnkey Engineering, Procurement, Construction and Installation expertise and Chiyoda's 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 multidiscipline engineers through the partner companies.

Xodus Subsea engineering services cover field development, projects including FEED and detailed design, and lifecycle consultancy with a focus on working with partners to support the development of new technologies. The company provides extensive knowledge in deepwater engineering, pipelines, trunklines and export systems, riser systems, subsea processing and enhanced oil recovery (EOR).

Matt Kirk, Americas' regional director for Xodus Group will take up the new position of Xodus Subsea managing director with other key positions in the leadership team being filled by managers from all three companies.

Keywords: Subsea Engineering, Deepwater Engineering, Pipelines, Trunklines, Riser Systems, Subsea Processing, Enhanced Oil Recovery (EOR), ARC Advisory Group.