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USA: Helix Sells Its Three Pipelay Vessels

Helix Energy Solutions Group, Inc. has agreed to sell its three pipelay vessels, the Caesar, Express, Intrepid and related equipment in separate transactions for total cash consideration of $252,750,000.

On October 15, 2012, Helix entered into an agreement to sell the Caesar, Express and related equipment to Coastal Trade Limited for a total of $238,250,000. The sale of these assets is expected to close in two stages as each vessel completes its existing contractual backlog. The Express closing is expected to occur in February 2013 and the Caesar closing is expected to occur in July 2013. Helix has received a $50 million deposit in connection with this transaction which is only refundable in limited circumstances. The closing of this transaction is subject to customary closing conditions.

In a separate transaction, on September 26, 2012 Helix sold its pipelay vessel, Intrepid, to Stabbert Maritime Holdings, LLC for $14,500,000.

Helix will retain its Ingleside, Texas spoolbase facility and provide pipelay spooling services to the market.

Owen Kratz, President and Chief Executive Officer of Helix, stated, “As we previously discussed, our strategy is to aggressively invest and grow our Well Intervention and Robotics businesses. We see the divestiture of our pipelay fleet as an important step in accelerating our corporate strategy.”

Subsea World News – USA: Helix Sells Its Three Pipelay Vessels.

McDermott Bags Offshore Installation Gig in U.S. GOM

McDermott International, Inc. announced today that one of its subsidiaries has been awarded a contract by the Discovery system for offshore facilities in the Gulf of Mexico. The value of this contract is included in McDermott’s second quarter 2012 backlog.

Williams Partners L.P.owns 60 percent of the Discovery system and operates it. DCP Midstream Partners, LP owns the other 40 percent of the Discovery system.

The project is to deliver new junction facilities for Discovery’s Keathley Canyon Connector™ pipeline system with a 3,300-ton, four-leg platform in 350 feet of water. The unmanned platform will provide pipeline junction facilities for incoming deepwater pipelines from the Hadrian South and Lucius fields and for outgoing shallow-water pipelines to shore.

Fabrication is expected to commence this summer at McDermott’s Morgan City facility in Louisiana. Offshore installation is expected to commence during the third quarter of 2013, and is intended to be ready for operational start-up before the end of the year.

McDermott’s deepwater combination heavy lift and pipelay vessel DB50 is expected to perform the installation. The DB50 has recently undergone extensive enhancement to its power and propulsion systems, and has a new deepwater lowering system.

Source

PHOTOS: Express installing subsea manifolds « Helix Currents

Photos courtesy of Helix Subsea Construction Field Engineers Robert Bailey & Matt Gonzales.

Taken on board Helix ESG’s pipelay vessel, Express, these photos show two Pipeline End Terminal manifolds (PLETS) as they are hoisted off an adjacent supply boat and lowered down to the seabed.

A PLET is used on one, or both ends of pipelines to provide connection point from the pipeline to existing subsea structures in place.  The existing structure may be a subsea tree, another PLET or a manifold and are connected by a jumper.  The PLETs and other subsea structures have upward looking connectors while the jumpers have downward looking connectors.  This configuration allows the jumpers to be installed using Remotely Operated Vehicles (ROVs).

Helix Subsea Construction, a business unit of Helix ESG, is installing this PLET as part of the overall scope of Subsea Umbilical, Riser and Flowline (SURF) work for Noble Energy at the Noa Field, offshore Israel. The field is in approximately 2,556ft of water (779m) and is being developed for natural gas.

Source: PHOTOS: Express installing subsea manifolds « Helix Currents.

Norway: OTS Takes Delivery of CSV North Ocean 105, Begins 5 Year Charter

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Oceanteam Shipping ASA has announced that it’s new Lay Vessel, CSV North Ocean 105 which is jointly owned with J Ray McDermott (Norway) AS, has been delivered on time and has immediately commenced a five year time charter. The company’s fleet of CSVs now consists of four partially owned North Ocean Series concept vessels.

‘’We are very pleased with this successful delivery and the fact that the vessel starts to work for the Owners at once. The yard, McDermott and OTS have capitalized on our joint experience with this vessel series, says CEO of Oceanteam Shipping, Haico Halbesma’’

The five year time charter is with Eastern Marine Services Inc. a 100% subsidiary of McDermott. The vessel has been built and delivered by Metalships in Vigo, Spain.

The North Ocean 105 is the fifth vessel to be delivered with this concept developed by Oceanteam Shipping. The North Ocean series is one of the most advanced, able and successful, high-end Construction Support Vessel series to date. The series’ proven quality for advanced deepwater operations under the most demanding and harsh conditions has set a new industry standard.

Lay Vessel North Ocean 105 is the second vessel within the McDermott fleet of the North Ocean Series which is jointly owned.

CSV North Ocean 102, with its 7,000 tons horizontal lay system, has been working successfully on numerous McDermott projects since August 2010. Before delivery to McDermott the vesselwith successfully performed the Statoil Gjoia Power Cable installation and the BritNed interconnector powercable for ABB.

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Facts: Lay Vessel North Ocean 105

Lay Vessel North Ocean 105 will be mobilized further by McDermott with an advanced 440 tons top tension vertical reel system for rigid and flexible pipelay for depths of up to 3,000 meters. The reel pay load will be a maximum of 2,975 tons in combination with a pipelay tower with 440 tons tensioner. In addition comes two A&R winch systems with capacity of 496 tons and 165 tons respectively.

The vessel has a length (LOA) of 145 meters, a beam of 27 meters, and has over 10,000 tons of deadweight with two portside AHC cranes installed of 440 tons and 110 tons for subsea lifts and construction support.

Source

Croatia: Viktor Lenac to Convert SHCV Sampson into Crane and Pipelay Vessel

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Viktor Lenac Shipyard has been recently awarded a contract for the conversion of the vessel SHCV “SAMPSON” (managed by Cyprus’s „VShips“ and Great Britain’s „Zafiro Marine“) by “CARVAL INVESTORS”, a leading global alternative investment manager.

The existing vessel is an offshore gas and oil field installation vessel, built in 2010. She is 180 m long and 32 m wide, carrying a crane of 1.600 ton capacity. “SAMPSON” will be converted into a crane and pipelay vessel, one more conversion on Viktor Lenac’s respectable reference list of complex projects in conversion and offshore among which Helix Producer I, Seminole, Kommandor 3000 and others, establishing its position as one of the few specialized shipyards for ship conversions and gas platform construction in the entire region of the Mediterranean.

Six new Diesel generators (2200 kW each) will be installed in two independent engine rooms. New ship systems will be installed with more than 40 tons of piping. Two new thrusters will be installed i.w.o. existing fresh water tanks. HiPAP for dynamic positioning will be relocated in newly built structural trunks. New A&R winch room will be built and outfitted i.w.o. existing hold no.1.

Complete pipe laying equipment (tensioners, track supports, conveyors, pipe loader etc.) will be installed with hydraulic systems on main deck. A new pipe lay tunnel (300 t) and A-frame structure (276 t) will be built and installed. A new stinger structure (390 t) for laying offshore pipelines will be built.

The existing ship systems will be modified to accommodate new equipment, propulsion and power generation.

Two engine rooms, two switchboard rooms and two thruster rooms will be outfitted and HVAC system will be installed in new ship spaces.

More than 150 km of cables will be installed in total.

The superstructure will undergo considerable modification including gym, sauna, swimming pool etc.

Original Article

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