MARSEC-XL and Offshore Simulator Centre AS Announce Plans to Establish Joint Venture in Malta

On 18th October 2012, in conjunction with the Isle of Open Innovation 2012 conference, MARSEC-XL and Offshore Simulator Centre AS have jointly announced their plans to establish a new joint venture in Malta in 2012.

“Our partnership with OSC to establish MARSEC-XL Offshore Simulation Centre in Malta is a tremendously important step for MARSEC-XL highlighting our plans to expand into the hi-tech oil and gas industry, focusing on the Mediterranean region, and provide advanced simulation software to the maritime industry. We are extremely excited about this new opportunity.”, commented Krystyna Wojnarowicz, president of MARSEC-XL Foundation. “Simulations will become more and more important to improve marine safety and quality of the equipment onboard. The hi-tech simulator in Malta will be a significant boost to innovation based on open MARSSA”, said Geir Fagerhus CEO MARSEC-XL.

Arne Monsholm, CEO Offshore Simulator Centre AS commented: “We believe this is a win-win situation both for MARSEC-XL, OSC and the industry in the region. For OSC it is an opportunity to expand our business into the Mediterranean region, and at the same time getting access to highly qualified development resources that are available in Malta. This will increase our development capacity within simulator technology. In addition, there is great potential in expanding our solution to include other aspects of maritime operations.”