Fairstar Heavy Transport N.V. (FAIR) has been awarded a contract by Hercules Offshore to transport the jack-up drilling rig Hercules 185 from Pascagoula, Mississippi to West Africa in the First Quarter of 2012 on board Fairstar’s open stern, semi-submersible vessel FJELL.
The contract value is USD 2.6 million. The FJELL is currently underway to Malta where it will load the Northern Offshore rig ENERGY EXERTER in the Grand Harbour in January. After discharging the ENERGY EXERTER in Northern Europe, FJELL will sail to the Gulf of Mexico to load the Hercules 185.
Chris Muilwijk, Team Leader of Fairstar’s Client Services Group stated: “Fairstar is looking forward to work again with Jim Stevens of High Seas Maritime Services and the operations team at Hercules Offshore. The Hercules 185 was safely transported by the FJELL to Pascagoula earlier this year and our crew on board the FJELL is committed to returning the rig to West Africa in 2012 safely and securely.”
Philip Adkins, Fairstar’s CEO has updated Fairstar’s fleet utilization for 2012, stating: “Fleet utilization for 2012 continues to improve. FJORD will discharge the Oando rig RESPECT, sail to Angola to load the CLOV FPSO components for DSME and then commence its multi-voyage contract for Gorgon. FJELL is now fully booked for the First Quarter of 2012. The FJELL will still be available for work in Alaska in April through September under the terms of our agreement to transport the Agrium fertilizer plant modules to Nigeria. However, in the event we do not receive the first contract installment for FJELL in February, we intend to pursue other transportation options for the FJELL in that period. In October, FJELL will commence its multi-voyage contract for Gorgon, joining FJORD and FORTE on a series of voyages from Northern Asia to Barrow Island, Australia.”
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- How Will Hercules Offshore Do in 2012? (dailyfinance.com)
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Fairstar Heavy Transport N.V. (FAIR) has signed a third contract with Chevron PTY LTD and the Kellogg Joint Venture – Gorgon.
Under the terms of the contract, the semi-submersible vessel FJELL will provide marine transportation of modules and other related equipment over a series of voyages commencing in the second half of 2012 for a period of ten months. Chevron Australia PTY LTD and the Kellogg Joint Venture – Gorgon have options to extend the contract for up to an additional nine months.
The Gorgon Project, operated by Chevron Australia PTY LTD, is a joint venture of Chevron (approximately 47 percent), ExxonMobil (25 percent) and Shell (25 percent), Osaka Gas (1.25 percent), Tokyo Gas (one percent) and Chubu Electric Power (0.417 percent).