Sakhalin Energy, Sovcomflot Order Newbuild

MarineLink.com
Monday, April 21, 2014

The companies have signed a number of agreements for construction and long-term operation of the vessels for Sakhalin-2 project.

At an official ceremony in Moscow, Sakhalin Energy Investment Company Ltd. (Sakhalin Energy) and Sovcomflot Shelf (SCF Shelf) on behalf of Sovcomflot Group have signed a contract for the construction and long-term operation of the multifunctional icebreaking supply vessel for Sakhalin-2 offshore platforms. Operations under the contract will continue for 20 years. The vessel will be used as year round personnel carrier and also as supply vessel for offshore platforms in the Sea of Okhotsk. In case of emergency, the vessel will be deployed for personnel evacuation and oil spill response.

The parties have also signed several memorandums of understanding for construction and operation of three additional multifunctional icebreaking standby vessels.

On the occasion of the signing of the contract and memorandums of understanding, Roman Dashkov, Chief Executive Officer of Sakhalin Energy, noted, “It is especially important for us that the company that we signed the documents with, has proven capability of providing safe and reliable operation of Company’s Assets in harsh climatic conditions of Sakhalin shelf. We have been successfully cooperating for many years with Sovcomflot, the corporation that has consistently demonstrated high operational excellence up to the world standards. We will continue to support Russian industry and extend long-term relationship with a reliable and competent partner”.

Sergey Frank, President and CEO of Sovcomflot, said, “We are grateful to our partners, Sakhalin Energy, for the opportunity to expand our involvement in the Sakhalin-II project. This is fully in line with Sovcomflot’s strategic plans, which provide for the expansion of our fleet with state-of-the-art vessels and an increase in the share of technical projects in our business portfolio. The company’s backlog of future contracted revenue totals over $2 billion (USD).

Russian shipbuilders will play an active role in the construction of the new vessels: SCF has already signed a shipbuilding contract with Arctech (a joint venture between OAO United Shipbuilding Corporation and STX Finland) and structural components for the vessels will be produced in Russia at Vyborg Shipyard.

The new vessels will provide fine examples of high-tech solutions in the shipping industry; they will be able to cope successfully with its tasks and will contribute to environmental protection reinforcement of Russia’s Far Eastern seas. In recent years, Sovcomflot has accumulated good experience of operating ice class supply vessels. Today, our company has four vessels of this type, one of which is engaged in operations on the Sakhalin-II project. I am confident that our collaboration with Sakhalin Energy holds excellent prospects for the future.”

Signing of the contract for construction and long-term operation of supply vessel and memorandums of understanding for additional three standby vessels are yet another example of large scale involvement of Russian industry in Sakhalin-2. Russian shipping companies play a significant role in the project implementation. They are also members of the international consortia that transport LNG under long-term charter contracts which enabled Russian shipping companies to enter the LNG transportation market.
 

Maritime Reporter June 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Hornbeck Offshore Ride High on Q2 2014 Results

Hornbeck Offshore Services, Inc. has announced its financial results for the second quarter ended June 30, 2014.  Following are highlights for this period and excerpts

BAE Systems Awarded Two Navy Contract Modifications

The US Department of Defense informs it has awarded separate contracts to BAE Systems in Jacksonville and in Norfolk for ship repairs and modifications as follows: 1.

DW to Present at Upcoming Floating LNG 2014, Houston

Douglas-Westwood (DW) says that its manager in Houston, Andrew B. Meyers will be joining the speakers on the platform at the upcoming 27th-30th October 2014 'Floating

Shipbuilding

Fincantieri to Build Third New Princess Cruises Ship

Fincantieri says it has signed an agreement with Carnival Corp. to build  the new cruise ship for its Princess Cruises brand at a cost of about 600 million euros.

ATB Barge Project for Murray & Associates

Murray & Associates, LLC has been commissioned to deliver a comprehensive design package for an 185,000 BBL Chemical Tank Barge new construction project. The

Gladding-Hearn Builds New Boat for Delaware Pilots

The Delaware pilots association has ordered its third pilot boat of the popular Chesapeake class from Gladding-Hearn Shipbuilding, Duclos Corporation. Delivery

Offshore

Hornbeck Offshore Ride High on Q2 2014 Results

Hornbeck Offshore Services, Inc. has announced its financial results for the second quarter ended June 30, 2014.  Following are highlights for this period and excerpts

Crowley Maritime Open Singapore Office

Crowley Maritime Corp. says it has opened a full-service project management and logistics solutions office in Singapore under the leadership of industry veteran William Hill.

BOEM Extends O&G Lease Comment Period

The Bureau of Ocean Energy Management (BOEM) is extending the public comment period for the Request for Information (RFI) and Comments on the Preparation of the

Energy

Exxon Mobil Corporation Declares 3Q Dividend

The Board of Directors of Exxon Mobil Corporation yesterday declared a cash dividend of 69 cents per share on the Common Stock, payable on September 10, 2014 to

FortisBC Set to Expand its Tilbury LNG Facility

FortisBC Energy Inc. today selected Bechtel Canada Co. (Bechtel) as the contractor for its Tilbury LNG Facility Expansion Project in Delta, B.C. (Project). The

US Crude Oil Exports Hit 15-year High

U.S. crude oil exports reached 288,000 barrels per day (bpd) in May, the highest levels since April 1999, data from the U.S. Energy Information Administration showed on Wednesday.

LNG

DW to Present at Upcoming Floating LNG 2014, Houston

Douglas-Westwood (DW) says that its manager in Houston, Andrew B. Meyers will be joining the speakers on the platform at the upcoming 27th-30th October 2014 'Floating

FortisBC Set to Expand its Tilbury LNG Facility

FortisBC Energy Inc. today selected Bechtel Canada Co. (Bechtel) as the contractor for its Tilbury LNG Facility Expansion Project in Delta, B.C. (Project). The

Growing American Shipping Bill Introduced by Garamendi

Congressman John Garamendi (D-CA-03), Ranking Member of the House Transportation and Infrastructure’s Coast Guard and Maritime Transportation Subcommittee, informs ot the introduction of  H.

News

Exxon Mobil Corporation Declares 3Q Dividend

The Board of Directors of Exxon Mobil Corporation yesterday declared a cash dividend of 69 cents per share on the Common Stock, payable on September 10, 2014 to

FortisBC Set to Expand its Tilbury LNG Facility

FortisBC Energy Inc. today selected Bechtel Canada Co. (Bechtel) as the contractor for its Tilbury LNG Facility Expansion Project in Delta, B.C. (Project). The

Port Manatee's 3 projects to get underway

Port Manatee has been awarded a $1,837,500 security grant, allowing the port to proceed with three significant projects. The award, the second-highest for any

 
 
Maritime Careers / Shipboard Positions Maritime Security Offshore Oil Pipelines Port Authority Salvage Ship Electronics Ship Repair Ship Simulators Shipbuilding / Vessel Construction
rss | archive | history | articles | privacy | terms and conditions | 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: 0.1614 sec (6 req/sec)