Norway: STX OSV Bags USD 86.8 Mln Contract for Construction of One Subsea Support Vessel

Posted on Mar 19th, 2012 with tags .

STX OSV Bags USD 86.8 Mln Contract for Construction of One Subsea Support Vessel

STX OSV Holdings Limited (STX OSV), one of the major global designers and shipbuilders of offshore and specialized vessels, has secured a new contract for the construction of one advanced subsea support vessel for Island Offshore. The value of the contract amounts to more than NOK 500 million(approx USD 86.8 million).

The vessel will be of Rolls Royce’s UT 737 CD design. The overall length will be 96 m with a beam of 21 m. The vessel will be equipped with one 125 tons offshore crane and ROV systems for operations up to 3,000 meters water depth. It will be designed with a moon pool, accommodations for 60 persons and according to NOFO standards for oil spill response.

Delivery is scheduled from STX OSV Brevik in Norway in 1Q 2014. The hull of the vessel will be delivered from STX OSV Braila in Romania.

(1 Norwegian krone = 0.173699 U.S. dollars)

STX OSV Holdings Limited (STX OSV), together with its subsidiaries, is one of the major global designers and shipbuilders of offshore and specialized vessels used in the offshore oil and gas exploration and production and oil services industries. Headquartered in Norway and with approximately 9,000 employees, STX OSV operates nine strategically located shipbuilding facilities, including five in Norway, two in Romania, one in Brazil and one in Vietnam.

STX OSV’s long shipbuilding traditions, cutting-edge innovation and technology coupled with its global operations ensure access to the fastest growing oil exploration markets. The company’s expertise and track record in constructing complex and highly customized offshore and specialized vessels have earned it recognition from industry players and enabled it to build strong relationships with its customers.

STX OSV was listed on the Main Board of Singapore Exchange (SGX) on 12 November 2010. STX OSV’s major shareholder STX Europe is part of the international STX Group. STX Group has approximately 54,000 employees, and aims to be a global top player in its core areas; shipping and trade, shipbuilding and machineries, plant and construction, and energy.

Source: stxosv, March 19, 2012; Image: islandoffshore

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