Subsea specialist Ashtead celebrates 30th anniversary with new £2m FUGRO contract


Graham Adair of Forum Energy Technologies
Graham Adair of Forum Energy Technologies


Aberdeen-based Ashtead Technology has secured a new contract with FUGO appointing it  as preferred supplier of subsea rental equipment and associated services to all FUGRO Group companies around the world – a major new deal to help the company celebrate its 30th ‘birthday’.

In the new two year agreement – believed to be worth around £2 million – Ashtead  will rent subsea equipment, including underwater positioning, subsea inspection, ROV survey sensors and tooling, metocean, hydrographic and geophysical and camera and video equipment, to FUGRO companies world-wide.

Tim Sheehan, Commercial Director, Ashtead Technology, said: “FUGRO is a major account for us and we will be working hard to build on existing relationships with all its operating companies from Aberdeen to Bergen, Cairo to Abu Dhabi, Singapore to Perth Australia and from Rio to Houston.

“This is a strategically important contract win for us and we believe this contract award is a result of our service delivery to Fugro over the last two years coupled with major investment in our rental fleet which guarantees our customers can access the latest and most in-demand technology on the market.”

Set up in 1985 as a subsea equipment rental company, Ashtead Technology is committed to further improving and growing its range of value-added services. They aim to deliver enhanced technical support services, increase the capabilities of its teams across the business and invest in the latest technology to build the largest and most modern rental fleet in the subsea sector.

It now employs 95 people in Aberdeen, London, Houston and Singapore, with agents in Abu Dhabi, Perth (Australia) and Stavanger.

Sheehan added: “With recent strong growth, significant investment in our rental fleet, a number of exclusive product sales agreements secured with world-leading manufacturers and a brand new, industry-first training academy, we have entered our 30th year in a robust position.”

* Forum Energy Technologies – which manufactures underwater remotely operated vehicles (ROVs) –  launched its new subsea robotic system at the industry expo in Aberdeen. The new XLX-C ROV has been two years in development and represents a multi-million pound investment.


Pixie Energy

Pixie logo Pixie Energy is an incubator and a facilitator of strategic research and project work, focusing on energy regulation, policy and markets at the local and national level. Find out more about Pixie Energy here.

Local Energy Matters: Scotland

Local Energy Matters: Scotland is a free-to-download brochure with a focus on energy tariffs in the two Scottish electricity distribution regions, as well news on local energy and low-carbon schemes.

Previous editions can be download here.

Scottish energy market overview

You can read an overview of the Scottish energy market here.

Scottish Government energy feed