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.


People & Company News

Kongsberg Performs Well in Q2

Norwegian defence and marine technology company Kongsberg Gruppen's second quarter 2016 (Q2) financial results shows sales performance broadly in line with recent trends,

Rickmers Holding, E.R. Capital Drop Merger Plan

Rickmers Holding AG and E.R. Capital Holding have jointly decided not to pursue the merger of their ship management activities.   For many years the companies

MN100: Conrad Shipyard

The Company: Conrad Shipyard was established in 1948 and is headquartered in Morgan City, Louisiana. The company designs, builds and overhauls tugboats, ferries,

Contracts

BP, ExxonMobil, ConocoPhillips 'Quit' Alaska LNG Project

BP, Conoco Phillips, and Exxon Mobil said that the 65-billion dollar megaproject would be too unprofitable for them to move into the next phase of development.

C-Job Designs Flettner Freighter for Switijnk

The Dutch shipping company family Switijnk has contracted C-Job Naval Architects to develop a Rotor Sail-equipped design to meet their specific loading and sailing profile.

Yangzijiang Shipbuilding to Slash 2,000 More Jobs

Chinese shipbuilder Yangzijiang Shipbuilding Holdings Ltd said it plans to cut 2,000 additional jobs, just under 10 percent of its current workforce, stepping up

 
 
Maritime Contracts Maritime Security Maritime Standards Naval Architecture Navigation Pipelines Port Authority Salvage Ship Simulators Winch
rss | archive | history | articles | privacy | 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: 0.0975 sec (10 req/sec)