Rig inspector ModuSpec emerges as independent

Rig inspection firm ModuSpec became independent from Lloyd’s Register (LR) this week following a restructuring process that saw LR withdraw its Drilling Integrity Services (LRDIS) in the Middle East and Asia-Pacific regions.

ModuSpec had formed the basis of LR’s LRDIS service portfolio after its 2008 acquisition by the engineering and technical professional services organisation.

The move marks the emergence of ModuSpec as a privately owned, third-party independent company and will allow it to “continue to serve both existing and new clients in the Middle East and the Asia Pacific regions, providing a more focused service and operating independently of LR in these regions,” ModuSpec managing partner and CEO Andrew Calderwood said.

“Clients can be assured we will operate with the same high level of quality, assurance and integrity that is synonymous with the ModuSpec and LR brands,” Calderwood said. “With our premium focus on the drilling sector, there are substantial opportunities ahead in which we can deliver services and expertise driven by new operational needs.”