Offshore staff
Dubai, UAE — The Telford Offshore group it has been acquired by entities affiliated with Merced Capital and is now wholly owned by Merced Capital.
Telford Offshore is an international offshore service provider that offers construction and project management solutions to the oil and gas industry.
Robert Duncan has been appointed Telford Offshore's new CEO. He will assume his responsibilities, effective immediately, succeeding Fraser Moore. An executive with more than two decades of experience in the offshore energy and marine industries, Duncan most recently served as founder and CEO of Capital Strategies International and prior to that was CEO of Seafox International.
Telford Offshore said its ongoing commitments to clients, vendors and employees will be unaffected and current operations will continue in normal course. At present, Telford Offshore has five vessel assets, which are all under contract to work with strong counterparties, including national oil companies and international oil companies:
- Telford 25 with an 800-ton crane, rigid pipelay capable, 1,500 sq m of deck space and 379 berths;
- Telford 28 with a 270-ton crane, 1,500 sq m of deck space and 462 berths;
- Telford 30 with a 270-ton crane, rigid pipelay capable, 300 sq m of deck space and 480 berths;
- Telford 31 with a 400-ton crane, 1,300 sq m of deck space and 477 berths; and
- Telford 34 with an 800-ton crane, rigid pipelay system, 1,350 sq m of deck space and 339 berths
The vessels' DP3 capabilities and permanent walk-to-work systems allow them to benefit from safe and very high connectivity rates to fixed and mobile production installations, reducing downtime whilst on station, the company said. Their multi-purpose capabilities ensure that diverse operations can be undertaken by one vessel. Each vessel is able to provide accommodation services, subsea and topside heavy-lift services, lay rigid and flexible pipe and carry out subsea construction.
Telford Offshore clients include Total, Inpex, Tullow Oil, Murphy Oil Corp., Shell, SBM Offshore, Pemex, bp, BW Offshore, PTTEP and more.
Minesota-based Merced Capital is a private investment firm that has experience in the global energy, shipping and offshore services industry.
02.20.2023
