Bibby Offshore Announces Singapore Charter Agreement

Press Release April 17, 2012

Bibby Offshore’s NOR Spring (Photo: Bibby Offshore).

Subsea installation contractor Bibby Offshore has announced a three-year bareboat charter agreement with Solstad Offshore Asia Pacific Ltd. for the NOR Spring, a DP2 (Dynamic Positioning) Anchor Handling Support Vessel (AHSV).

The deal has been struck by Bibby Offshore’s Singapore operation, Bibby Offshore Singapore Pte Ltd. The NOR Spring represents a multi-million dollar investment by Bibby Offshore and becomes the fifth vessel in the fleet.

The NOR Spring is currently completing ROV support operations for an EPIC contractor in Papua New Guinea and is expected back in Singapore by the end of April. The vessel will then undergo planned maintenance before Bibby Offshore, with vessel manager Bibby Ship Management Ltd, takes delivery of the ship later in May.

For the first contract, starting in May, Bibby Offshore will be mobilising the NOR Spring in Singapore with a survey spread and two newly-purchased TMS inspection class Seaeye Lynx ROVs before transiting the vessel to Indonesia where it will be carrying out a platform and pipeline, inspection campaign.