Oceaneering Announces Vessel Charter

Friday, September 14, 2007
Oceaneering International, Inc. has chartered an Olympic P101 Class multi-service subsea support vessel currently under construction from Olympic Shipping AS. The initial term of the charter is five years, with expected commencement in the third quarter of 2008.

This vessel, to be named the Olympic Intervention IV, will be outfitted with two high-specification work class ROVs. It will be used to augment Oceaneering's ability to perform subsea hardware installation and inspection, repair, and maintenance (IRM) projects, and conduct well intervention services in the ultra-deep waters of the Gulf of Mexico (GOM). Hardware installations are expected to include umbilicals, subsea trees, jumpers, flying leads, and manifolds. Well intervention services are anticipated to include riserless wireline, electric line, and plug and abandonment operations using Oceaneering's proprietary Subsea Intervention Lubricator System.

The Olympic Intervention IV is being built to an overall length of approximately of 312 ft. (95 meters) and will have a Class 2 dynamic positioning system, accommodations for 100 personnel, a helideck, a 150-ton heave compensated crane, and a working moonpool. The vessel will also be equipped with a satellite communications system capable of transmitting streaming video for real-time work observation by shore personnel.


Contracts

Austal Dives into Loss

Australia’s largest shipbuilder Austal posted a full year loss of $84.28 million because a program to build war ships for the US Navy took longer than expected.

Russian Shipbuilder Signs $1 bln Oil Rigs Contract with Iran

Russian shipbuilder Krasnye Barrikady and Iran's Tasdid Offshore Development Company (TODC)  have signed a deal worth $1 billion to build five offshore drilling

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.

 
 
Maritime Contracts Maritime Security Maritime Standards Navigation Offshore Oil Pipelines Pod Propulsion Ship Electronics Ship Repair Ship Simulators
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: 0.0561 sec (18 req/sec)