Despite rumors predicting the end of the oil and gas era, global peak consumption isn’t expected until 2030—so operators will be needing Conbit’s expertise for many years to come. Three factors will play a crucial role in determining Conbit’s growth going forward:
Conbit first established itself in the decommissioning market in 2019 by flawlessly executing an extensive removal preparation campaign in Denmark. While we experienced a slow-down in the market over the past year, we strongly and expect increased activity in 2021.
By adding a cost estimator to the team, we’ll be able to further support heavy lift contractors during the tender phase. We also believe the industry will continue its focus on cost-effectiveness, leading to an increased focus on budget control, which will exert further pressure on the supply chain. We, therefore, predict that contractors will be generally requested to provide turnkey costs in their quotes.
The offshore wind market has matured significantly. Many wind farms are now entirely operational, and the first removal projects are in the planning phase. Floating wind farms will greatly aid countries that are surrounded by deep waters. By 2030, we estimate that around 600 to 700 floating offshore wind turbines will be installed worldwide.
Conbit is playing an increasing role in operating and maintaining offshore wind farms on behalf of European developers. Thanks to the Mammoet global network, we’re now also ready to expand these services worldwide.
The development of a replacement system for heavy components inside floating wind turbines is in full swing. We’re currently in contact with turbine manufacturers to solve the last of the outstanding technical issues. We expect to officially launch the new system in Q3 of 2021.
We recognise that diversification will play a key role in allowing us to be less dependent on the oil and gas industry. Our ambition going forward is to grow a more diverse service portfolio. In 2021, we expect to expand geographically and to increase the amount of new business within our portfolio.
If we want to grow our company then we need to also invest in our people. We’re going to be pouring more investment into our current team, as well as working to increase the number of staff that we employ and hopefully attracting some of the most talented people around the world.
We completed our exciting merger with Mammoet in 2020, meaning our combined service portfolio can now add increased value to all our global clients.
This year, we used our positive mindset to embrace the myriad of changes and challenges thrown our way. We grew our business despite tricky circumstances, consistently outperforming expectations.
We firmly believe that we can have a positive impact on everyone we work with and that we can overcome any hurdle by working closely with our clients. We hope to meet you all online or in person next year. More importantly, we hope that you all stay safe, healthy, and happy.
Do you have any technical questions or general enquiries? Or do you need additional information? Don’t hesitate to contact our experts. With their expertise and experience in lifting services, they will gladly help you.
You can contact us by phone or email. We’re looking forward to your questions!
