Cosalt wins multi-million pound deals

The Grimsby-based company said it will provide all of Acergy's lifting services in the UK and Norwegian sectors of the North Sea.

The two one-year contracts are worth up to a total of 3m in the UK and Norway at present and there is scope for a

further increase in the workload over the coming months.

Cosalt Offshore will provide a total management service and supply the products needed to fulfil all of Acergy's subsea lifting equipment requirements.

Cosalt Offshore has won a number of significant deals in the last year, including long-term contracts with PSN and Chevron covering lifting work in the North Sea.

Mark Lejman, chief executive of parent company Cosalt plc, said: "Cosalt Offshore has an established track-record of offering a cost-effective service in which quality safety is paramount. The success of our approach has been proven time and time again through retaining existing clients and starting to work with new ones.

"Building strong relationships with our customers and meeting and frequently exceeding their expectations is at the core of the company, along with high levels of investment in ensuring we have the best equipment and team of engineers in the industry.''