Mooreast Holdings Ltd., a specialist in mooring solutions, has announced a strategic partnership with Norway-based GeoProvider AS to bolster its offshore data analysis capabilities. This collaboration aims to enhance Mooreast’s offerings in the floating offshore renewable energy sector by leveraging GeoProvider’s extensive geotechnical and geophysical database. The partnership will focus on accelerating data analysis and supporting larger, more complex projects, particularly as the floating renewable market moves towards commercialisation.
The Singapore Exchange (SGX) Catalist-listed Mooreast, known for its expertise in geotechnical and geophysical studies, will work alongside GeoProvider on offshore wind projects. GeoProvider, headquartered in Stavanger, Norway, is renowned for its geophysical data and geotechnical services, catering to global clients in offshore wind, energy exploration, and carbon capture.
Mooreast’s CEO, Eirik Ellingsen, highlighted the significance of the partnership, stating, “The agreement with GeoProvider reflects our strategy to build strong partnerships that add value to our clients and increase our capability to take on larger and more complex projects.”
In addition to this partnership, Mooreast has signed a Memorandum of Understanding (MoU) with Korea Ocean Engineering & Consultants Co., Ltd. (KOCECO). This MoU aims to foster joint business and technology collaboration in offshore mooring and seabed anchoring solutions, particularly in the rapidly developing floating offshore wind market in North Asia.
Ellingsen further commented, “The two agreements will significantly strengthen Mooreast’s global position and our commitment to our transformation to serve the renewable energy sector.”
These strategic collaborations position Mooreast to address local supply chain gaps and deliver comprehensive solutions in the offshore sector, reinforcing its role in the global renewable energy landscape.
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