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VARD SIGNS CONTRACTS WITH DOF SUBSEA AND TECHNIP FOR FOUR PIPE LAY SUPPORT VESSELS

Av | 12 august, 2013 11:36 | 0 kommentarer
VARD 3 05 Overall length : 151 m | Breadth 30 m, Pipe Lay Support. VARD 3 16 Overall length : 139.9 m | Breadth 28 m, Pipe Lay Support. Photo: Vard

Singapore, 12 August 2013 – Vard Holdings Limited (“VARD”), one of the major global designers and shipbuilders of offshore and specialized vessels, is pleased to announce that it has secured contracts with joint ventures of DOF Subsea and Technip for the design and construction of four Pipe Lay Support Vessels (PLSVs).

The contracts constitute the largest order in VARD’s history, with an aggregate order value of approximately USD 1.1 billion (NOK 6.5 billion).

Two of the vessels, of VARD 3 05 design, will be delivered in 2Q 2016 and 3Q 2016 respectively. The hulls of these vessels will be built at Vard Tulcea in Romania and outfitted at Vard Søviknes in Norway. The other two vessels, of VARD 3 16 design, will be delivered from Vard Promar in Brazil, in 4Q 2016 and 2Q 2017 respectively.

The award of these prestigious contracts reinforces VARD’s position as a leading provider of large and complex Offshore Subsea Construction Vessels (OSCVs).

Through this order, VARD is able to capitalize on its track record, experience and world ‐ class design capabilities in Norway as well as its long ‐ standing presence and investments in the Brazilian market.

The new designs have been developed in close cooperation with DOF and Technip. The Norwegian built vessels will carry pipe lay towers rated at 650 tons, among the largest ever in the industry. At 340 tons, the Brazilian built vessels will be among the most complex vessels ever constructed in Brazil. Topside equipment for all four ships will be delivered by Huisman of the Netherlands.

CEO and Executive Director Roy Reite commented, “I look forward to working with DOF and Technip on these milestone projects. VARD yards in both Europe and Brazil being chosen to build these vessels illustrates the value of having a global presence when working with international clients, and bringing leading edge technology to new markets.”

The DOF Subsea group is a specialist subsea service business that provides subsea construction, subsea engineering, inspection, repair and maintenance and survey services. DOF Subsea owns a large fleet of modern subsea construction, intervention and survey vessels. The group’s core business is project management, engineering, vessel operations, survey, remote intervention and diving operations primarily for the oil and gas, marine telecommunications and renewables markets. Technip is a world leader in project management, engineering and construction for the energy industry. From the deepest subsea oil & gas developments to the largest and most complex offshore and onshore infrastructures, the group’s 38,000 people are offering the best solutions and most innovative technologies to meet the world’s energy challenges. Present in 48 countries, Technip has state‐of‐the‐art industrial assets on all continents and operates a fleet of specialized vessels for pipeline installation and subsea construction.

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