Dockwise to perform offshore module floatover, installation

Thai-Malay company Carigali-PTTEPI Operation Co. (CPOC) has awarded Dockwise Ltd. a contract for the floatover and installation of an offshore module.

Offshore staff

HAMILTON, Bermuda -- Thai-Malay company Carigali-PTTEPI Operation Co. (CPOC) has awarded Dockwise Ltd. a contract for the floatover and installation of an offshore module. The 19,000-metric-ton (20,944-ton) topside will be transported and installed by Dockwise in 2009 in the Joint Development Area in the Gulf of Thailand, an economic zone between Malaysia and Thailand. The value of the contract is between $25 million and $35 million.

The contract enhances Dockwise's strategic goal of becoming a leading integrated transport and installation service provider for the Oil and Gas sector, the company says.

"We are very pleased that CPOC has awarded Dockwise this contract," says André Goedée, CEO of Dockwise Ltd. "Our recent acquisition of Offshore Kinematics Inc. and Ocean Dynamics Llc. has contributed to obtaining this contract. The contract award illustrates the possible advantages of joining OKI and ODL's experience in the installation of offshore modules with our existing assets, namely our large open-stern semisubmersible vessels and our established engineering and project management capabilities."

The semisubmersible heavy transport vessel Black Marlin will transport and install the MDPP deck.

8/23/2007

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