Oceanteam declares option for fifth newbuild
Offshore staff
BERGEN, Norway -- Oceanteam Power & Umbilical ASA has declared its option with Metalships & Docks SUA to build an additional construction support vessel with delivery scheduled for early 2011.
The vessel will be 100% owned by Oceanteam Power & Umbilical ASA through a special purpose company named North Ocean V AS.
The vessel, North Ocean 105, will be constructed in Vigo, Spain. It will be 137 m (449 ft) long, 27 m (89 ft) wide, and have approximately 2,400 sq m (25,833 sq ft) of free construction deck. Oceanteam plans to install one 250-metric-ton (275.6-ton) and one 150-metric-ton (165.3-ton) heave compensated cranes and will provide accommodation for up to 120.
Oceanteam already is building four large construction support/power cable lay vessels in Vigo of which the first delivery in the series is 50/50 owned with Bourbon Offshore Norway AS.
The Bourbon Oceanteam 101 is expected to be delivered in Nov. 2007, after which it will start its three-year commitment with BP Angola as a field support vessel.
The second vessel, North Ocean 102, recently was contracted by CICSA of Mexico for a minimum of five years starting directly after vessel delivery, which is planned for May 2008.
The North Ocean 103, scheduled for delivery in early 2009, will begin operations with ABB High Voltage Cable on the StatoilHydro Gjøa Project in Norway.
The Bourbon Oceanteam 104, 50/50 owned with Bourbon Offshore Norway AS, is scheduled for delivery in early 2010. It is not yet committed to a contract.
10/15/2007