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

People & Company News

Dann Marine Repowers With Cummins Tier 3 Engines

Dann Marine Towing, LC., is a fifth generation family owned and operated tugboat company based in Chesapeake City, MD. The model-bow twin-screw tug Sea Coast was

Sulzer Shareholder has 5 pct Dresser-Rand Stake

Russian billionaire Viktor Vekselberg's Swiss investment firm Renova Group said on Friday it had a 4.99 percent stake in U.S.-based Dresser-Rand, which might become the object of a takeover battle.

MAN-Powered Cargo Vessel Meets Tier III

Classification society awards SCR system emissions certificate. MAN Diesel & Turbo has been awarded a Tier III - compatibility certificate by the DNV- GL classification

Contracts

Sulzer Shareholder has 5 pct Dresser-Rand Stake

Russian billionaire Viktor Vekselberg's Swiss investment firm Renova Group said on Friday it had a 4.99 percent stake in U.S.-based Dresser-Rand, which might become the object of a takeover battle.

Source: Siemens Offering $6.1 bln for Dresser Rand

Germany's Siemens plans to offer more than $6.1 billion, or $80 per share, for U.S. compressor and turbine maker Dresser-Rand, Germany's Manager Magazin said on Friday.

Transas Simulators Boosts Western Shipping Training Center

Transas Marine Pacific has successfully completed the upgrade of a simulator complex for Western Shipping Pte. Ltd. training center. The simulator class was

 
 
Maritime Security Maritime Standards Naval Architecture Offshore Oil Pipelines Pod Propulsion Port Authority Ship Repair Shipbuilding / Vessel Construction Sonar
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: 0.1641 sec (6 req/sec)