Island Offshore Extends Contract with BP
Island Offshore has been awarded a major contract extension with BP Exploration Operating Company Ltd. The two-year contract extension, covering 2014 and 2015, has been awarded to Island Offshore and the North Sea RLWI Alliance, which operates three monohull vessels specially designed for well intervention tasks. Island Offshore’s Island Constructor - a 120m long, 8,200 ton, Ulstein built X-Bow vessel – will perform the scope of work for the client. The value of the new contract is approximately $86.5 million (USD) and includes options for $129.8 million (USD).
Keppel Contracted to Build Floatel Semi-submersible
Keppel and Floatel sign contract for a fourth accommodation semi at US$ 315-million. Keppel FELS Limited and Floatel International Ltd (Floatel) have finalised a contract for Keppel FELS to build a new generation harsh environment accommodation semisubmersible. With delivery in early 2015, the new semi will be built to the Floatel Superior design, a DSSTM 20NS design developed by GustoMSC and Keppel FELS' Deepwater Technology Group. Equipped with Dynamic Positioning (DP) 3 capability, it will meet the most stringent rules and regulations for worldwide operations including the Norwegian Sector.
BP Orders 4 PSVs from HHI for North Sea
The vessels will be deployed to support its West of Shetland (WoS) and Norwegian operations and are be delivered between the winter of 2013 and summer of 2014. The purpose built and highly specified vessels have been designed to provide long term support to BP’s North Sea business and will provide the capabilities BP requires to deliver its strategy more efficiently and safely. The vessels will have oil spill response capability and special tanks to transport fluids required for planned enhanced oil recovery (EOR) schemes. The arrangement is structured such that BP Shipping has contracted Hyundai to build the vessels and then hire them to BP Exploration Operating Company on a 15 year bareboat term charter.
Rowan Gorilla V Contract Dispute Is Resolved
Rowan Companies, Inc. reported that an agreement has been reached to resolve a dispute over the Rowan Gorilla V contract between its subsidiary, British American Offshore Limited (BAO), and Amoco (UK) Exploration Company (Amoco UK), now owned by BP p.l.c. The settlement agreement was made between BP Amoco Corporation, BP Amoco p.l.c., BP Exploration Operating Company, BP America, Inc., Amoco (UK) Exploration Company ("Amoco UK"), Amoco Production Company, Amerada Hess Limited, Amerada Hess Corporation and Enterprise Oil p.l.c. (collectively, the "BP Amoco Affiliated Parties") on the one hand, and Rowan Companies, Inc., LeTourneau, Inc. and British American Offshore Limited ("BAO") (collectively, the "Rowan Affiliated Parties") on the other.
Offshore Ship Designers Create New Resource
Three offshore, ship and tug design and technical consulting companies have joined forces to provide a new one-stop resource for oil companies, offshore operators, tug owners, ports and shipyards. Offshore Ship Designers, based in Ijmuiden, the Netherlands, bring together the skills, experience, innovation and workforce of naval architects and engineers of Dutch companies Sea of Solutions BV, WorldWise Marine BV and UK-based IMT Marine Consultants. The formation of Offshore Ship Designers follows the acquisition of the majority shareholding in IMT by Sea of Solutions and WorldWise Marine, which was completed at the end of 2006. Current projects underway at OSD include the design of a pipelay/derrick vessel with a 3…
