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Contract Awards: Largest contract for one vessel

Posted on 24.02.2007 - 08:22 EST in CONTRACT AWARDS by Rons_ROV_Links

The well intervention vessel for Marine Subsea Inc. is an ULSTEIN SX121 equipped with a tower, moonpool, ROV and a offshore crane.The newly formed company Marine Subsea Inc. has signed a contract with Ulstein Verft AS on delivering a well intervention ship of the type ULSTEIN SX121 from Ulstein Design AS. This is the largest contract for one ship for the Ulstein Group, totaling NOK 840 million.

The ship, of the type ULSTEIN SX121 from Ulstein Design AS, is scheduled for delivery in July 2009. The ship has already been contracted in Angola, and hence will head right for its first assignment after delivery.

"We are very pleased when our new customers ask for ships with the characteristic ULSTEIN X-BOW®. We are frontrunners in developing highly advanced construction vessels loaded with equipment enabling them to perform demanding marine operations in deep water," says CEO Gunvor Ulstein.

African Offshore Services, the holding company of Marine Subsea Inc., is a newly established company that will carry out well intervention and other oil-service-related operations in West Africa. Managing director Christian Nygaard says the following about the contract: "We arevery pleased satisfied in having secured the contract for building this innovative vessel. The Ulstein Group is highly reputable with regard to building state-of-the-art vessels and developing innovative design. Island Offshore Management, an industry leader in well intervention, will be handling operations and management for us. That, along with our extensive knowledge of West Africa, makes a solid start," says Nygaard.

Ulstein S Series

Karsten Sævik, managing director of Ulstein Verft AS, says this will be the third vessel of the type ULSTEIN SX121 to be built at Ulstein Verft AS.
"More and more oil installations are now sea-bottom facilities, and we're seeing an increasing demand for subsea and construction vessels. Supplying vessels for this market will be an important priority area for Ulstein Verft in the future," says Sævik.

The vessel will be 25 meters wide and 120 meters long and will accommodate 100 persons. The vessel will be fitted with a tower for module handling, a moonpool, ROV hangar, offshore crane, helipad and a diesel-electric propulsion system. The vessel will also be fitted with the newly developed ULSTEIN COMTM and ULSTEIN IASTM from Ulstein Elektro AS.

Notable player in Africa

The principal shareholders and founders of African Offshore Services, Mårten Rød and Gian Angelo Perrucci, have more than 25 years' experience in both onshore and offshore activities in Angola, Nigeria, Gabon and Congo (Brazaville). In addition to ordering an ULSTEIN SX121 , they recently signed an agreement to buy three work/accommodations barges at a total value of NOK 580 million. These will be used in conjunction with the building and maintenance of offshore installations. Board chairman Mårten Rød says the intention is to further expand the fleet.

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