New JV aimed at subsea work in southeast Asia

Ocentra will focus on services related to pipe-laying and integrating pipeline systems, offshore heavy lifting and installation, subsea tie-in and underwater maintenance, barge/vessel management and chartering, and other infrastructure works.

A subsidiary of Hong Kong-listed Hilong Holding Limited, Hilong Marine Engineering (HME) specialises in offshore petroleum engineering business, and transportation and installation project engineering and management.

HME will control a 51% stake in Ocentra, with the minority interest controlled by Swiber Offshore Construction. The interests are based on cash contributions made by the companies in the initial share capital of the JV.

The board of directors of the Ocentra will be composed of three directors, two directors of which will be appointed by Hilong Marine Engineering, and the other by Swiber Offshore Construction.

Swiber Offshore Construction is a leading engineering, procurement, construction and installation contractor.