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 Today

The Maritime Industry's original and most viewed E-News Service

Maritime Reporter November 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Windrock Names Kelleher Global Business Development Manager

Edward P. Kelleher will be assuming the new role of Global Business Development Manager – Diesel, effective December 1st.   In this role, Mr. Kelleher will be

Canada to Aid Developing Nations Fight Climate Change

Canada will provide aid to developing countries to combat climate change, Prime Minister Justin Trudeau announced on Friday ahead of talks on global warming,

Sandra Weakens to Tropical Storm off Mexico's Coast

Hurricane Sandra weakened to a tropical storm on Friday and was expected to continue losing strength as it approached Mexico's Pacific coast, the U.S. National Hurricane Center (NHC) said.


Extended Warranty from Yanmar for Sailboat Engines

Yanmar Marine International B.V. has introduced an extended 3 years’ period of YANMAR Limited Warranty for Sailboat Engine Models. This extended warranty of

Damen Marine Components Opens Jiangyin Plant

Damen Marine Components (DMC) is proud to announce the opening of its brand new facility in Jiangyin, China.Those present at the opening ceremony included CEO

Groundbreaking Ceremony for Seaspan's Vancouver Office

Seaspan hosted a groundbreaking ceremony today to announce it has officially started construction on a new head office in North Vancouver. The 7,800 square metre (84,

Maritime Contracts Maritime Standards Naval Architecture Navigation Port Authority Ship Electronics Ship Repair Ship Simulators Shipbuilding / Vessel Construction 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: 0.1247 sec (8 req/sec)