Norway: Edda Accommodation Enters Two New Contracts

Norway - Edda Accommodation Enters Two New Contracts

Edda Accommodation, a company controlled by Østensjø Rederi, has recently signed two new contracts for the accommodation vessel Edda Fides. Based on the experience with Edda Fides, the company is now building two new accommodation units.

By entering into two new contracts, Edda Accommodation has secured the utilization of Edda Fides until the end of 2013. The contracts include general construction, transport and accommodation support for the construction of new offshore oil and gas installations. Including options, the new contracts are worth 150 million US dollars.

“We are very pleased with the new contracts for Edda Fides. They illustrate the strengths of Edda Fides and the advantages of monohull accommodation vessels in general. We have the ability to provide high quality accommodation services and at the same time fast and significantly more cost efficient transits between contracts”, says CEO of Edda Accommodation and Østensjø Rederi Mr. Johan Rokstad.

As a result of the successful experience with Edda Fides, Edda Accommodation has now started the process of building two additional monohull accommodation vessels. The designers of these two vessels will be Salt Ship Design. The newbuilds will have 800 berths with 400 single cabins and a 2000 m2 of free deck space. Delivery of the first vessel will be in 2015. The newbuilds will require approximately 200 new employees per vessel.

“Due to our excellent operational experience with monohull concept and significantly lower investment compared to semisubmersible accommodation rigs, the new accommodation vessels will be highly competitive in the future market with anticipated fierce competition. We expect the additions to our fleet will enhance our position as a global provider of world class accommodation services”, says Johan Rokstad.

Source: Ostensjo, April 30, 2012