Havfram

Ocean Installer and Solstad offshore order high-capacity subsea vessel

Published:

Jun 14, 2012

Author:

Havfram

PRESS RELEASE
14th of June 2012

Ocean Installer and Solstad Offshore have ordered a large, advanced construction support vessel (CSV). The vessel will be delivered in Q2 2014 and is to be operated by Ocean Installer.

The contract is subject to GIEK (“Garanti-instituttet for eksportkreditt”) board approval (June 20th 2012).

The vessel, of type OSCV 06L, has been designed by shipbuilder STX OSV and Solstad, in close cooperation with Ocean Installer. This combination has resulted in one of the most advanced CSVs built to date. The vessel is equipped with a 3000t carousel, a 400t active heave compensated (AHC) crane and launching systems for Remotely Operated Vehicles (ROVs) (LARS). The vessel will be delivered with a 150t Vertical Lay Spread System (VLS) priced at 200 million NOK. The total project cost, including project management, spare parts and mobilisation, is 1.5 billion NOK. Ocean Installer and Solstad will have joint ownership of the vessel following her completion.

The vessel will be the third in Ocean Installer’s fleet of operated subsea vessels, following Normand Mermaid and Normand Clipper, both chartered from Solstad.

– We are very satisfied with placing the contract for this new-build, and are looking forward to developing our operations with this vessel, which is built for heavy construction work, and is highly advanced when it comes to station keeping, efficiency and operational performance. This investment is in line with our growth strategy, as the vessel is capable of conducting the full range of subsea construction operations in the global market. Moreover, this joint venture consolidates the strategic cooperation between Solstad and Ocean Installer, says Steinar Riise, CEO of Ocean Installer.

The vessel is designed to operate efficiently under demanding conditions and is well fitted for SURF (Subsea, Umbilicals, Risers, Flowlines) operations. The vessel is 156.7 metres long, 27 metres wide and has an aft cargo deck area of 2100 square metres. She will be equipped with a 150t VLS and a 3000t below deck carousel, ROVs in hangars launched through moonpools, and two AHC offshore cranes (400t and 100t) that can both operate down to depths of 3000 metres. Propulsion is based on two conventional propellers, and two tunnel thrusters aft and two tunnel thrusters and two gyro thrusters forward, providing a robust system optimised with regard to propulsion, positioning capabilities and maintenance. Main engine power is approximately 21000 kW. The accommodation facilities will have a capacity of 140 persons. The vessel is designed according to the latest environmental standards with focus on low fuel consumption, and precautions in accordance with Det Norske Veritas’ (DNV’s) CLEAN DESIGN requirements are incorporated in the design.

The vessel’s hull, machinery and equipment are to be constructed according to DNV with Classification and notations: 1A1, E0, DYNPOS-AUTRO, DK (+), CRANE, HELDK-SH, ICE C, CLEAN DESIGN with NAUT-AW and RECYCLABLE, Comf-V(3) C(3), TMON, SPS, BIS, VIBR, SF.

-END-

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About Ocean Installer
Ocean Installer is a Norwegian subsea entrepreneur headquartered in Stavanger, Norway. Ocean Installer holds strong EPCI expertise within the SURF (Subsea, Umbilicals, Risers, Flowlines) segment and is rapidly expanding its operations and organisation within and beyond the North Sea basin.

Ocean Installer provides its clients with recognised first-rate assets and has secured long-term charters on two construction support vessels: Normand Clipper and Normand Mermaid. Ocean Installer will continuously invest and develop its assets to fulfill its ambition to be a key service provider within the SURF segment.

Ocean Installer holds FPAL- and Achilles certifications, with systems established in accordance with the requirements set out in ISO 9001, 14001, 18001 and 31 000 standards.

For further information, please visit: www.oceaninstaller.com

About Solstad Offshore
Solstad Offshore ASA is among the largest offshore shipping companies in Norway, providing advanced vessels and extensive maritime competence for operations related to the offshore petroleum industry. The company has about 1600 employees, and operates 50 vessels all over the world. Solstad Offshore is headquartered in Skudeneshavn, Norway and has branch offices in Brazil, Singapore, United Kingdom and Australia.

Solstad Offshore was established in 1964, starting as an ordinary shipping company, but gradually changing its fleet to offshore from 1974. Due to its long history, the company is considered among the most experienced offshore companies in Norway.

Solstad Offshore is listed on the Oslo Stock Exchange (OSE) under the ticker SOFF.

About STX OSV
STX OSV Holdings Limited (“STX OSV”), together with its subsidiaries, is one of the major global designers and shipbuilders of offshore and specialized vessels used in the offshore oil and gas exploration and production and oil services industries. Headquartered in Norway and with approximately 9,000 employees, STX OSV operates nine strategically located shipbuilding facilities, including five in Norway, two in Romania, one in Brazil and one in Vietnam.

STX OSV’s long shipbuilding traditions, cutting-edge innovation and technology coupled with its global operations ensure access to the fastest growing oil exploration markets. The company’s expertise and track record in constructing complex and highly customized offshore and specialized vessels have earned it recognition from industry players and enabled it to build strong relationships with its customers.

STX OSV was listed on the Main Board of Singapore Exchange (SGX) on 12 November 2010. STX OSV’s major shareholder STX Europe is part of the international STX Group. STX Group has approximately 54,000 employees, and aims to be a global top player in its core areas; shipping and trade, shipbuilding and machineries, plant and construction, and energy.

www.stxosv.com

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