Expansion into new markets
Published: 17 November, 2016
Viper Subsea, a subsea engineering company that provides consultancy and develops products for the oil and gas sector worldwide, says it is preparing to diversify and grow its business by transferring its award-winning technology into new markets.
In preparation, Viper Subsea Technology Limited has formally changed the name of the registered company to Viper Innovations Ltd. The trading name of Viper Subsea will continue to be used for existing and future business in the subsea oil and gas industry.
“Viper Subsea has enjoyed phenomenal success in the subsea oil and gas industry,” explains MD Neil Douglas. “We are proud that we have become established as one of the most innovative companies in this sector and enjoy a growing global presence and an extremely strong reputation. However, our core electrical cable integrity technology is perfectly suited to applications in other industries. With our subsea oil and gas business settled and growing in a well-managed and sustainable way, the time is right to expand our focus into other markets, but to do this we need to ensure our branding does not limit us, hence the name change.”
Click here for the full unedited version of the release as provided by the company
