Viper Subsea, a subsea engineering company, says it is growing its business and diversifying into new markets, including offshore wind.
Although the company says it has done well in the subsea oil and gas industry, citing its growing global presence and strong reputation, it recognizes that its core electrical cable integrity technology is perfectly suited to applications in other industries.
Before delving into these new markets, Viper Subsea Technology Ltd. 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.
“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,” says Managing Director Neil Douglas.
“With a company name of Viper Innovations, we will find it much easier to talk to other industries without confusion. We fully expect to replicate the historic success we have had in the subsea oil and gas industry in other markets,” he explains.
Established in 2007, Viper Subsea has traditionally designed, developed and supplied products and services for subsea control and distribution systems in the offshore oil and gas industry. Over 80% of the company’s product sales are in export, with products installed as far as Brazil, Norway, Germany, Kazakhstan, Azerbaijan, Vietnam, U.S., Australia and Indonesia.