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Ocean Installer wins subsea installation job in GoM

Ocean Installer has been awarded a subsea installation job in the Gulf of Mexico with one of the world’s leading international oil and gas companies on its largest deepwater producing field which sits in over 1800m water depth.

This is Ocean Installer’s first SURF contract in the GoM and marks a milestone for the company in the region.

The project, which involves the installation and testing of umbilicals and associated equipment, will be managed from the Ocean Installer Houston office with onshore preparations starting immediately. Offshore work will take place this summer and Ocean Installer will be utilising the Subsea Construction Vessel (CSV) the Normand Clipper, which is on a long-term charter from Solstad Offshore.

“This is our first SURF job in the GoM and we are very pleased to have secured this work only a year after we established our Houston office and less than four months after introducing our first vessel in the region. We are now looking forward to working closely with our client to execute the project in a safe, high quality and efficient manner,” says Mike Newbury, President of Ocean Installer in the US.

Ocean Installer opened its Houston office in April 2013 and the Normand Clipper arrived in Houston in January. The vessel has been well-received in the market and has since its arrival experienced good utilisation executing several jobs in the regional spot market.

Press Release, May 02, 2014

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Q7000: Helix Orders Semi-Submersible Rig from Sembcorp Marine

Sembcorp Marine’s subsidiary Jurong Shipyard has secured a US$346 million contract to build a second semi-submersible well intervention rig for Helix Energy Solutions Group, Inc. (Helix), a market leader in subsea well intervention services.

Scheduled for delivery in mid-2016, the semi-submersible light well intervention rig will be built based on a design jointly developed by Sembcorp Marine Technology Pte Ltd (SMTP), a fully-owned Research & Development subsidiary of Sembcorp Marine, and Helix. Featuring the latest technology, the rig – named Q7000 by Helix – is an efficient purpose-designed platform with capabilities to perform a wide variety of tasks, including conventional and extended top hole drilling, subsea construction, decommissioning well intervention, coiled tubing operations and twin ROV deployment.

The Dynamic Positioning (DP) class 3 unit has the ability to operate in deepwater operations worldwide, including the North Sea and West of Africa.

William Gu, General Manager of Offshore Division said: “We are honoured that Helix has chosen to build their second semi-submersible well intervention rig with us. This repeat order is significant as it testifies as to their trust and confidence in our design and building capabilities in rigs with well intervention and subsea capabilities that are customised to meet this new growth segment of the market. We are committed to build on our partnership with Helix and to meet their stringent standards of quality, safety and reliability.”

Owen Kratz, Helix’s President and Chief Executive Officer, said: “We are pleased to work with our trusted partner Jurong Shipyard on this second unit of the semisubmersible well intervention rig, to be named Q7000.”

The above is not expected to have any material impact on the consolidated net tangible assets per share and earnings per share of Sembcorp Marine for the year ending December 31, 2013.

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Galliano, LA: Edison Chouest to build 40 new supply vessels

BY: Jennifer Larino, Managing Editor

Edison Chouest Offshore said today it will build more than 40 new vessels to meet growing demand for offshore oil and gas support in the Gulf of Mexico, the Arctic and Brazil.

The new vessels continue an aggressive build campaign the Galliano-based company launched in 2011. The privately held company, which has vessels under construction at shipyards through the U.S. and in Brazil and Poland, did not disclose the cost of the newest round of builds.

Most of the construction work will be spread among Chouest’s four U.S.-affiliate shipyards — North American Shipbuilding in Larose, LaShip in Houma, Gulf Ship in Gulfport, Miss., and Tampa Ship in Tampa, Fla. — as well as its Brazilian shipyard, Navship.

The largest portion of the new build program will be the construction of 17 diesel-electric platform supply vessels. Chouest intends to market the new vessels, which feature a new hull form designed to carry more weight while lowering hydrodynamic resistance, as a more fuel-efficient option to oil and gas operators in the Gulf of Mexico.

Chouest’s plans also include two new ice class vessels designed for service work in the Arctic and four new subsea construction vessels slated for service in the Gulf of Mexico. The company’s fleet of icebreaking vessels, which will total six when the new builds are delivered, has supported Royal Dutch Shell’s drilling activity in Alaska.

Chouest also provided an update about its affiliated port facilities at Port Fourchon.  The C-Port 3 facility currently under construction will open in March and feature six covered slips to transfer cargo and provide support for deepwater support vessels. Design has begun on an additional section, C-Port 4, which could have as many as nine covered slips.

The company is also planning to expand its C-Terminal worksite at Fourchon to include outside storage areas, warehouses, cement and barite plants, and fuel, water, mud and drilling fluid sales stations. Chouest purchased the facility earlier this year.

Chouest, founded as Edison Chouest Boat Rental in 1960, operates a fleet of nearly 250 offshore service and support vessels worldwide.

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