iSURVEY was founded in 2004 by seven ex-colleagues primarily based in Oslo, Norway. With a strong track record in rig positioning, the co-founders soon established frame agreements with some of the O&G operators on the Norwegian Continential Shelf (NCS), before establishing relationships with some contractors operating in the marine construction and cable installation sectors. One of these relationships, which still remains today, was established with Nexans in 2007, supporting its world-wide cable laying and burial scopes primarily onboard its installation vessel, Skagerrak.
iSURVEY continued to grow organically, servicing more and more operators and contractors, primarily on the NCS. A number of significant international projects were also supported however, including a large deep water construction scope for Reliance in 2008/09 offshore India, as well as several FPSO related installation projects in West Africa. In 2012, an operational presence was established in Singapore which has now grown to 20 personnel. Customers include Chevron, Solstad, EMAS, Bibby Offshore and many others.
The milestone of 100 employees was reached in 2013 shortly before iSURVEY’s 10th anniversary, the same year that the private equity investor, Norvestor, took a 70% stake in the business in May. That year saw our revenue hit 140MNOK, with a growing number of customers including Statoil, Lundin, ExxonMobil, Nexans, ABB, Island Offshore, IKM Subsea, Oceaneering and many more.
Further expansion in early 2014 saw an operational presence established in Aberdeen, UK, which has quickly grown to 30 personnel both onshore and offshore. The team here has established frame agreements with some major O&G operators including Shell, Total and Maersk Denmark. Other customers include DeepOcean, Ecosse Subsea, Apache, Oceaneering, Bibby Offshore and IKM Subsea.