Telford Offshore Cuts Share Count
International offshore services company, Telford Offshore, has unwound the share trust originally set up when it was formed via a corporate restructuring in February 2018.The 2018 restructuring brought the first four of Telford Offshore’s DP3 vessels into the group and assigned both shares and bonds to the former bondholders of Sea Trucks Group Limited (in liquidation) (STG). Telford Offshore had then acquired a DP-3 pipelay and accommodation vessel and six offshore support vessels following a legal settlement between STG and West African Ventures.The purpose of the trust was to hold shares in the group’s parent company, Telford Offshore Holdings Limited (TOHL)…
Telford Offshore Adds Seven Vessels
Dubai headquartered offshore service company Telford Offshore said it has acquired an additional DP3 pipelay and accommodation vessel, and six offshore support vessels following a legal settlement between Sea Trucks Group (STGL in liquidation) and West African Ventures (WAV).The acquisition nearly triples the Telford Offshore fleet, up from four vessels to 11.The DP3 vessel Jascon 30 is set to be dry docked in the coming months and upgraded in preparation for utilization across the globe under its new name Telford 30.
Sea Trucks Secures Contract in Nigeria
Sea Trucks Group said its principle Nigerian business, West African Ventures, has been awarded a contract for the provision of an accommodation vessel to a deepwater field, offshore Nigeria. The scope of work covers accommodation support services for 250 pax, as well as to provide marine logistics support for the execution of the turnaround maintenance work scopes during the turnaround project. Jascon 30, one of the group’s DP3 accommodation construction vessels, has been nominated for the scope. Jascon 30 is equipped with a 270 mT heave compensated main crane.
Pipelay, Construction Work Completed for Chevron in Nigeria
A pipelay and construction campaign for the Sonam Field Development Project for Chevron Nigeria Ltd. has been successfully completed, announced Sea Trucks Group. The contract for the project was awarded to West African Ventures Ltd, Sea Trucks’ principle Nigerian business in June 2015. The Sonam Field Development Project is located in shelf concession OML 91, Escravos Area, offshore Nigeria, in water depths ranging from 7 meters around Okan to 66 meters at Sonam. The scope of work encompassed transportation and installation of the Okan PRP jacket…
Sea Trucks Bags Another Installation Contract
C has been awarded a second installation contract for a development in Nigeria to West African Ventures, Sea Trucks’ principle Nigerian business. The newest contract is further to Sea Trucks’ announcement made last week whichdeclared a contract from Afren for subsea installation of 60 km pipeline, PLEM, flexible riser and spool pieces as well as transportation and installation of jacket, piles, bridges and topside, ranging between 240 t and 480 t. The second contract, awarded by Oriental Energy Resources Limited…
Update on Sunken AHTS, Offshore Nigeria
The wreck of the anchor handling tug 'Jascon 4', which sunk while on static tow of a tanker 15 Nm offshore Escravos, Nigeria, has now been abandoned for safety reasons. The owners, West African Ventures, report that the search and rescue operation that has been underway since 26 May, 2013 has had to be stopped for safety reasons. The vessel, Jascon 4,which is located some 30 metres under water in an upside down position, has become so unstable that the risk of injury to rescue divers has become unacceptably high.
Chevron Vessel Sinks off Nigeria Coast
A support vessel capsized and sank during a tanker loading operation at a Single Mooring Buoy roughly 30 kilometers offshore in Nigeria’s Escravos area. Chevron Nigeria Limited (CNL), operator of the NNPC/CNL Joint Venture, has confirmed that the vessel Jascon #4 belonging to its contractor, West African Ventures Limited, capsized and sank early Sunday, May 26. A Chevron statement said that initial reports indicated that heavy ocean swells caused the Jascon #4 to capsize while performing tension tow operations of the tanker at SBM #3. Emergency Response has commenced, including Search and Rescue operation with surface vessels, helicopters and divers. Emergency response operations have commenced, including search and rescue with surface vessels, helicopters and divers.
