Oceaneering has noted that GTO equipment is used for the subsea suction, transport, and disposal of sand, clay and rock associated with ocean floor construction, decommissioning, and drill activities in support of offshore oil and gas exploration and production.
GTO, based in Kristiansund, Norway, has major operations in the North Sea. GTO’s equipment has also been utilized off Russia’s Sakhalin Island, West Africa and in the Gulf of Mexico.
Jay Collins, president and CEO of Oceaneering, said: Given GTO’s track record of success in the North Sea and our worldwide operating infrastructure, we will market this dredging and excavation equipment in conjunction with our ROV (remotely operated vehicle) services on a global basis. We expect to grow the business as the oil and gas industry expands its level of subsea activity.
