Bridon wins huge Nigeria cables deal

Bridon Egina reel
Bridon Egina reel
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Wire and fibre rope manufacturer Bridon has won a major contract to supply mooring cables for an oil field off the coast of Nigeria.

The Doncaster-based company received the contract from Samsung Heavy Industries, located in South Korea, to supply mooring cables for the Egina oil field.

With a design life of 25 years, each complete cable reel will weigh 185 tonnes – or more than 15 double decker buses.

Andy Dodwell, Bridon’s commercial director, said: “This demonstrates another significant achievement in our manufacturing capabilities, being the longest mooring cable Bridon has manufactured for more than a decade.

“Samsung Heavy Industries placing their confidence in us for this critical project mooring demonstrates Bridon’s position and status in technology leadership.”

The Egina oil field is 100 miles off the coast of Nigeria and covers an area of up to 500 sqm.

Oil reserves are estimated at 550 million barrels.

The Bridon Technology Centre in Doncaster is one of the world’s most advanced facilities for the development and testing of offshore ropes.

The £5m high-tech hub is a state-of-the-art facility, opened in 2013 to drive Bridon’s research and product development capabilities.

“We have significantly developed our global service offering, investing in purpose-built testing equipment.

“As a result of our innovations, the largest, most advanced ropes ever made are being sold around the world from Britain, helping to solve the challenges our modern offshore industries face,” added Andy.

Bridon’s Egina oil field contract is scheduled for delivery by the end of September.

Formerly British Ropes Limited, the company was formed in 1924 from an amalgamation of wire rope and fibre rope manufacturers, the earliest of which date back to the late 18th century.

Bridon was acquired by Ontario Teachers Pension Plan in November 2014 from Melrose PLC for £365m.

Total sales in 2013 were £266.4m. As part of the sale, former owner Melrose will contribute £6.7m into the Bridon Group 2013 Pension Scheme.

Earlier this year the firm acquired Norwegian business ScanRope - a 77-employee manufacturer of steel and fibre deep water mooring systems - from the Parker Hannifin Corporation.

Bridon chief executive Jonathan Templeman said the acquisition was exciting and strengthened their position as the clear market leader in the sector.

The group operates 12 factories worldwide with technical and sales offices, supported by a global network of agents and distributors. It has four factories in the UK, located in Doncaster, Coatbridge, Willington Quay and Neptune Quay and employs 700.

About 1,800 are employed globally.