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).

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