Subsea 7 Charters Out Three Newbuild PLSV's

MarineLink.com
Monday, July 08, 2013
Pipelayer Seven Waves: Photo courtesy of Subsea 7

Norway's Subsea 7 S.A. awarded 3 contracts from Petrobras with a combined value (at the time of contract signature) of approximately US$1.6 billion for the construction & operation of three new-build flexible pipe-lay support vessels (PLSVs).


The work scope of each of these 5 year contracts is similar to that of the PLSVs which Subsea 7 currently operates offshore Brazil, comprising project management, engineering and installation of flowlines, umbilicals and equipment supplied by Petrobras.

The three new PLSVs are of similar design to the Seven Waves, and will be constructed in Holland at the IHC Merwede shipyard. The vessels are scheduled to be delivered in Q3 2016, Q4 2016 and Q2 2017 respectively. They are designed for operation in water depths of up to 3,000 metres, and will be equipped with a pipe-lay system for installing flexible flowlines and umbilicals, including a Lay System tower with 550 tonnes top tension capability, twin underdeck baskets capable of storing up to 4,000 tonnes of flexible flowlines and two state of the art ROVs. The total cost of the three vessels, including inventories, commissioning and mobilization to Brazil, is approximately US$950 million.

Subsea 7 CEO, Jean Cahuzac said: “We are pleased with this award which further strengthens our presence in this key deep-water territory. Based on our experience with the construction of the Seven Waves, which is progressing well, we are confident that these three vessels will be delivered on time and in line with our cost estimates. We are comfortable with the commercial model, the risk profile, and the expected financial return of these contracts.”


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.

Offshore

GoM Operators Evacuating Ahead of Storm

Offshore oil and gas operators in the Gulf of Mexico are evacuating platforms and rigs in the path of Tropical Depression No. 9.   The Bureau of Safety and Environmental

New Offshore Gangway Launched at ONS

The new Barge Master Gangway will be presented at the joint booth of Barge Master and Bosch Rexroth during the international offshore trade exhibition ONS (Offshore Northern Seas) in Stavanger.

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

 
 
Maritime Security Maritime Standards Navigation Offshore Oil Pipelines Pod Propulsion Port Authority Shipbuilding / Vessel Construction Sonar 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: 0.1104 sec (9 req/sec)