FoundOcean announces three-way strategic alliance in Australia

FoundOcean, the world leader in structural and pipeline grouting services for the subsea industries, has agreed a three-way strategic alliance with Tamboritha, the Australian specialists in underwater technology and ROV-based subsea intervention, and IEV, the subsea engineering group.  

The agreement means FoundOcean will be one of the first in its field to focus on Australia.  Subsea conditions around the coast, including varying water depths and extremely rocky seabed, demand substantial pipeline support and maintenance – one of FoundOcean’s core strengths. The company’s long-standing experience in these services and its established service base in Batam Island near Singapore mean the company is well placed for a number of significant offshore construction projects due to take place in Australia in the next few years. 

Jim Bell, FoundOcean’s Managing Director said: “Australia is a key market for FoundOcean in its continuing international expansion, and our agreement with Tamboritha and IEV puts us in an excellent position to become more involved in the area. Our current success in South East Asia is a result of our technical expertise and equipment, coupled with IEV’s support, logistics and understanding of the market. In Australia, in addition we’ll have the benefit of Tamboritha’s logistics and relationships with local customers, giving us a very strong position in the market.”  


About FoundOcean
FoundOcean is a subsea and offshore cementing specialist for the global energy construction industries. Its primary business is fixing structures to the sea bed by foundation grouting. FoundOcean also provides structural repair services for subsea and offshore structures, as well as pipeline and cable support and protection services.

FoundOcean, now a privately held company, was founded in 1966 and is headquartered in the UK. Its specialist subsea and offshore engineering equipment is located for rapid deployment in key energy producing areas of the world including Europe, the Gulf of Mexico, South East Asia and the Middle East.


About Tamboritha
Established in 1988, Tamboritha Consultants is 100% Australian owned and continues to operate as an independent subsea contractor. Based in Perth, Western Australia, Tamboritha has extensive experience gained from subsea projects in Australia and South East Asia ranging from project management to niche market consultancy.

Tamboritha is an experienced offshore project contractor with international experience and physical resources enabling the provision of innovative underwater technology, ROV based subsea intervention, offshore prime contract management and the provision of personnel.

Find out more about Tamboritha at www.tamboritha.com.au


About IEV
Since 1994, IEV (Oil and Gas Engineering Division) has acquired exclusive representation agreements and entered into strategic alliances with International business partners to provide integrated maintenance products and services and expand its operations throughout Asia Pacific and the Middle East. At present, the principal products and services offered by IEV and their respective markets include: Ocean Powered Marine Growth Control; Corrosion Control; Subsea Engineering and Oil States Subsea Fixed Platform and Pipeline Products. 

Find out more about IEV at www.iev-group.com/oilngasdivision.htm

For further information please contact:
Sue Beard
Fluency PR
+44 (0) 7768 990 296
pr@foundocean.com