September 25, 2017 11:04 PM ET

Construction and Engineering

Company Overview of Allseas Group S.A.

Company Overview

Allseas Group S.A. engages in offshore pipeline installation and subsea construction worldwide. It provides support to clients from the conceptual design stage to engineering, procurement, installation, and commissioning. The company also offers pipeline protection services, such as mattress installation, trenching of pipelines, and digging. In addition, Allseas Group S.A. provides subsea services, including hydrographic positioning and provides surveying for pipeline and subsea structure installations; underwater intervention and inspection support; and supporting various shallow water diving related activities. Further, the company offers vessel improvements and repairs; and design, instal...

Route de Pra de Plan 18

Châtel-Saint-Denis,  1618

Switzerland

Founded in 1985

Phone:

41 21 948 35 00

Fax:

41 21 948 35 99

Key Executives for Allseas Group S.A.

Owner and President
Vice President of Finance, Legal and Commercial
Public Relations Officer
Compensation as of Fiscal Year 2017.

Allseas Group S.A. Key Developments

Allseas Group S.A. Wins Contract from Nord Stream 2 AG

Nord Stream 2 AG announced that it has awarded a contract for the offshore pipelay of both lines of Nord Stream 2 to Allseas. The contract is to be signed in the next few days. Allseas will undertake offshore pipelay works for both lines in 2018 and 2019 using three pipelaying vessels: Pioneering Spirit, Audacia and Solitaire. The use of the dynamically positioned pipelay vessels, which are able to carry out precise maneuvering without anchors, should ensure additional environmental protection and safety in the congested Baltic Sea.

Allseas Group Signs Contracts

Allseas Group which signed a contract in December 2016 to lay the first line of the offshore TurkStream gas pipeline, has also been awarded the contract for the second line of the pipeline. Gazprom announced that South Stream Transport B.V. signed a contract with Allseas in Amsterdam on February 20, 2017 for the construction of the second line of the offshore section of TurkStream. The new contract was signed under an option provided by the contract to lay the first line of the pipeline that was signed in 2016. In order to lay the more than 900 km of pipe for the second line of the pipeline, like for the first line, Allseas will use the construction vessel, Pioneering Spirit.

Gazprom Signs Contract with Allseas Group to Construct First Underwater Line of Turkstream

Gazprom has signed a contract to construct the first underwater line of the TurkStream pipeline with Allseas Group. The contract contains an option for the construction of the second line of the pipeline. According to the contract, Allseas needs to construct over 900 kilometers of pipeline along the sea's bottom. In order to complete the work, the company plans to use construction vessel Pioneering Spirit, equipped with six plants for welding and coating. Allseas will begin laying down the first line in the second half of 2017.

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