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Viper Subsea Sees 45 per cent Growth

Viper Subsea Sees 45 per cent Growth

View all news from: Viper Innovations Ltd
View directory entry for: Viper Innovations Ltd

05 February 2015

Subsea company Viper Subsea, which helps install equipment under the sea, has seen is profits heading into the stratosphere.

Based in Portishead, the company has enjoyed 45 per cent growth in the last 12 months and boasts and order book that should see that rate continue.

The company specialises in controls and distribution gear, enabling it to extend the life of deep-sea electrical equipment, reducing the need for repairs and replacement.

Founded by Neil Douglas, pictured, and Max Nodder, it works with major oil companies and their first tier suppliers.

Neil said: "Products are designed in-house and provide highly reliable, and novel solutions to address the challenges of installing, operating and maintaining equipment on the seabed for periods in excess of 25 years. "The products focus on the distribution of electrical power, hydraulic fluids, chemicals and optical fibres in order to enable the control of oil and gas production equipment."

It has won contracts that have seen its work used offshore in Brazil, Australia, Vietnam, Azerbaijan, Kazakhstan, and the Caribbean as well as in the home waters of the North Sea.

The firm has been supported by Cheltenham-based advisory firm Crowe Clarke Whitehall.