Adani Ports and Special Economic Zone Ltd is planning to invest Rs 13,000 crore by FY31 to build its marine business as the company expands into specialised subsea and ultra-deepwater operations in Europe through a partnership between its Astro Offshore platform and Oceaneering International Inc.
The company said its marine platform, Astro Offshore has entered into a contract with US-based engineering and applied technology company Oceaneering International Inc to pursue offshore and subsea opportunities in Europe, marking APSEZ's entry into specialised deepwater engineering and underwater infrastructure services in the region.
As part of the expansion, Astro Offshore will add a 2021-built 97-metre DP2 multipurpose support vessel, Energy Savannah -- to be renamed Astro Atlas -- to strengthen its subsea construction and offshore execution capabilities.
The vessel, capable of operating in water depths of more than 3,000 metres, is equipped with a 150-tonne subsea crane, secondary crane, moonpool, and accommodation for up to 100 personnel, enabling offshore construction, cable laying and pipeline installation work.
APSEZ said the partnership combines Astro Offshore's expanding fleet with Oceaneering's remotely operated vehicle (ROV) and deepwater engineering expertise as the company seeks to build one of the world's largest integrated marine platforms.