ROVworld Subsea Information

Olympic Intervention IV delivered three days ahead of schedule
Date: Tuesday, July 29, 2008 @ 15:00:00 EDT
Topic: GENERAL NEWS


Olympic Intervention IV delivered three days ahead of scheduleThe Ulstein Group delivered the Olympic Intervention IV to Olympic Shipping 11 July, three days before the contractual deadline. The ship is now ready for deep challenges in the Gulf of Mexico.

Ready for deep challenges

The Olympic Intervention IV is a combination ROV subsea construction and multi-functional platform supply vessel. The vessel is charted by Oceaneering International, Inc and will be going on contract for Shell in the US section of the Gulf of Mexico.

"Our colleagues have collaborated very well with the ship owner and between companies in the group, we are proud of having delivered the vessel before the contractual deadline," says Ulstein Group CEO Gunvor Ulstein.

"We had a deadline on this vessel that was seven weeks shorter than on her sister ship, the Olympic Triton, in addition to large delays on essential equipment from subcontractors. Nevertheless, we still managed to uphold a standard of quality and deliver with time to spare," says Karsten Sævik managing director of Ulstein Verft.

Ulstein P101 for subsea

Olympic Intervention IV was delivered three days before contractual deadline.
Olympic Intervention IV was delivered three days before contractual deadline.

"In heavy demand in subsea operations, the Ulstein P101 is a sought-after vessel type. The ship can perform subsea operations anywhere in the world, as verified when Oceaneering, Shell's largest subsea drilling operators partner, chartered the vessel for five years," says Bjørn Kvalsund, Managing Director of Olympic Shipping.

Ready for the depths of the Gulf of Mexico

Oceaneering International, Inc recently announced that the Olympic Intervention IV has been contracted by Shell for the Perdido development project in the Gulf of Mexico. The ship will perform installation work in extremely deep waters.

"It was crucial for us to have the Olympic Intervention IV chartered in order to win the contract with Shell. The ship is built for Arctic waters, which makes her better suited for rough conditions," said T. Jay Collins, President and CEO of Oceaneering International, Inc, in an 8 July press release.

Well-equipped design

The Olympic Intervention IV is the third Ulstein P101 design built at Ulsteinvik. The vessel is fitted with a number of sophisticated systems and solutions from Ulstein Elektro such as Ulstein IAS (integrated automation system) and Ulstein COM (communication system).

The ship is 95 metres long and 20.5 metres wide and is fitted out for 100 persons. The Ulstein P101 has excellent seagoing properties with smooth motion, and provides a steady platform for most operations. The vessel is equipped with a helideck, a 150-tonne, heave-compensated offshore crane and two remotely operated vehicles (ROVs) from Oceaneering.

Christened at the Ålesund Boat Festival

The Olympic Intervention IV will be christened during the Ålesund Boat Festival on Saturday, 12 July, where she will play a prominent role. The christening will take at Skansekaia at 2 PM, and all are welcome to witness the event. From 3:30 to 6:30 PM, the public will be free to board the ship, which will be holding a job fair.







This article comes from ROVworld Subsea Information
http://www.rovworld.com

The URL for this story is:
http://www.rovworld.com/modules.php?name=News&file=article&sid=2461