Ik Group's Norclamp to meet E&P companies' decarbonisation needs

Ik Group has launched a subsea pipelines repair company called Norclamp

This is a strategic spin off from IK Subsea, the group's repair clamp business unit, in response to the increasing need for maintenance solutions in the subsea pipeline repair segment. The move ensures the new company's exclusive focus on high-end, standardised clamps to maintain pipeline and production systems. Clamp standardisation reduces lead times and costs, making it ideal for emergency delivery.

The company’s flagship product line is market-ready and includes three distinct standardised clamps – split clamp, compact clamp, and infinity clamp. These clamps are designed for versatility, offering various dimensions and pressure rating options. 

This comes as a timely development as experts predict the subsea market to grow at a 10% annual compound growth rate (CAGR) from 2024 to 2027.

Net zero 2050 goals

As the urgency to achieve net zero 2050 goals determine the strategies of exploration and production companies today, IK Group aims to support their initiatives through life extension services for pipelines infrastructure, or repurposing them for carbon capture, transport, and storage (CCS) and, eventually, for hydrogen supply. 

For industry stakeholders from the African energy market, CCS will be vital in attracting energy investments and eradicating energy poverty from the continent. 

“We have started this journey and will work tirelessly to support the change,” said Eirik Berge, CEO of IK Group.