DeepOcean Wins Reliance Contract

Wednesday, August 08, 2007
DeepOcean won a contract from Reliance Industries Limited of Mumbai, India for the provision of a Multi-Purpose Subsea Support Vessel and associated services. Contract duration is for a three year fixed term starting December 2007 with a further two, one year options. The three year base scope is valued $166m while the options hold a value of $118m if exercised.

The Multipurpose Service Vessel (MSV) REM Etive will be deployed in December 2007 under the terms of a commercial agreement between DeepOcean and TS Marine (Contracting) Ltd., of Aberdeen. The vessel will be utilised to support the development of oil and gas discoveries in Block KG-DWN-98/3 in the Krishna Dodavarir Basin in the Bay of Bengal on India’s east cost.

The MSV spread will be fully equipped for operations in 2,000 msw, although the initial phase of the field development will see installation activities in 1,200 msw. 18 to 20 subsea wells and 6 manifolds will be installed to produce through two export lines to an onshore terminal. The vessel will be utilized for all aspects of deepwater Installation, Commissioning and IMR (Inspection, Maintenance and Repair), having two Workclass ROV systems permanently installed as well as craneage and active heave compensated winch systems suitable for deployment of subsea hardware throughout the field. DeepOcean has also committed to upgrading the vessel with fire fighting and pollution control systems as part of the contract.

Maritime Reporter October 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Gazprom Transgaz Ufa Organizes Arts Festival

Over 200 healthy children and children with disabilities from Bashkortostan as well as the Volga Region participated in the Breaking the Barriers second interregional children’s arts festival,

President Pryor Retires from ExxonMobil Chemicals

Stephen D. Pryor, president, ExxonMobil Chemical Company and vice president of Exxon Mobil Corporation, has elected to retire on January 1, 2015, after more than 44 years of service.

Steven Palazzo Visits HII, Newport

Huntington Ingalls Industries today hosted Rep. Steven Palazzo, R-Miss., for a tour of the company's Newport News Shipbuilding division. Palazzo represents the fourth district of Mississippi,

Contracts

Time-out for Kwanza Drilling

Statoil has decided to cancel the Stena Carron rig contract after fulfilling the work commitments in the Statoil-operated blocks 38 and 39 in the Kwanza basin offshore Angola.

President Pryor Retires from ExxonMobil Chemicals

Stephen D. Pryor, president, ExxonMobil Chemical Company and vice president of Exxon Mobil Corporation, has elected to retire on January 1, 2015, after more than 44 years of service.

Asia Tanker, VLCC Rates Could Climb

Charterers to release 30 Middle East VLCC cargoes next week. VLCC market buoyed by upbeat Suezmax, Aframax sectors. Rates for very large crude carriers (VLCCs)

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Navigation Pod Propulsion Ship Electronics Ship Repair Ship Simulators Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.2225 sec (4 req/sec)