Ashtead Technology forms partner agreement with Caribbean-based Reliance Subsea Services

Global subsea equipment solutions specialist Ashtead Technology has entered into a partnership with Trinidad-based Reliance Subsea Services Limited.

Established in 2018, Reliance Subsea provide tooling and equipment rentals and services to the industrial oil and gas marine sub-sector throughout the Caribbean and north Latin America.

Ashtead will provide subsea survey and ROV equipment to Reliance for use on offshore drilling, field development, IRM and decommissioning projects.

Steven Thrasher, Regional Vice President at Ashtead Technology, said: “The appointment of Reliance Subsea as our business partner is an important milestone for us. They have strong connections within the CARICOM market and have built a compelling record of assisting international operators and tier one service contractors in the region.

“We are looking forward to combining our global scale and capability with Reliance’s local representation to explore new trading avenues together.”

Karishma Maharaj, Executive Director at Reliance Subsea, said: “We are excited to build a productive partnership with Ashtead Technology.

“They hold a leading position in providing offshore equipment solutions to the energy industry which, when combined with our local knowledge and capability, will create a compelling option for our existing and prospective clients.”

Ashtead dispatched the first of several equipment shipments to Reliance earlier this month, in readiness for its first project in June.

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