STX OSV secures contracts for three offshore vessels
STX OSV Holdings Limited (“STX OSV”), one of the major global designers and shipbuilders of offshore and specialized vessels, has secured a new contracts for the design and construction of three Offshore Subsea Construction Vessels (“OSCV”), the company reports.
The value of the contract with Solstad Offshore is approximately NOK 600 million. The vessel will be of STX OSV’s OSCV 03 design, and will be equipped with a 250 ton crane and accommodation capacity for 100 persons. The overall length of the vessel will be approximately 121 meters, with a beam of 23 meters. Delivery is scheduled from STX OSV Aukra in Norway in 2Q 2014. The hull will be delivered from STX OSV Tulcea in Romania.
The value of the contract with Farstad Shipping amounts to approximately NOK 800 million. The vessel will be of STX OSV’s OSCV 07 design with a total length of 143 meters, beam of 25 meters and a deck area of more than 1,800 m². It is equipped with two offshore cranes, of which the larger one has a lifting capacity of 250 tons. The vessel is arranged for 3 ROVs (Remote Operating Vehicles) and can accommodate 130 persons. Delivery is scheduled from STX OSV Langsten in 1Q 2015. The hull will be delivered from STX OSV Tulcea in Romania.
STX OSV has secured contract for the design and construction of one Offshore Subsea Construction Vessel (“OSCV”) for DOF Subsea. The vessel will be of OSCV 12 design, developed by STX OSV in Ålesund, Norway. It will have a total length of approximately 161 meters and a beam of 32 meters. Delivery is scheduled from STX OSV Søviknes in 1Q 2015. The hull will be delivered from STX OSV Tulcea in Romania.
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.
Solstad Offshore ASA is among the largest shipping companies in Norway, providing advanced vessels and extensive maritime competence for operations related to the offshore petroleum industry. The company has about 1,600 employees, and operates 50 vessels all over the world. Solstad Offshore is headquartered in Skudeneshavn, Norway and has branch offices in Brazil, Singapore, the United Kingdom and Australia.
STX OSV already has three PSVs and four AHTS under construction for Farstad. Farstad Shipping is a leading quality provider of large, modern offshore service vessels to the oil industry. The company’s fleet currently consists of 57 vessels (28 AHTS, 26 PSVs and 3 subsea vessels) and 8 newbuildings under construction. Farstad's operations are run from Ålesund, Aberdeen, Melbourne, Perth, Singapore, Macaé and Rio de Janeiro.
STX OSV Holdings Limited (“STX OSV”), together with its subsidiaries, is one of the major global designers and shipbuilders of offshore and specialized vessels used in the offshore oil and gas exploration and production and oil services industries. Headquartered in Norway and with approximately 9,000 employees, STX OSV operates nine strategically located shipbuilding facilities, including five in Norway, two in Romania, one in Brazil and one in Vietnam.
STX OSV’s long shipbuilding traditions, cutting-edge innovation and technology coupled with its global operations ensure access to the fastest growing oil exploration markets. The company’s expertise and track record in constructing complex and highly customized offshore and specialized vessels have earned it recognition from industry players and enabled it to build strong relationships with its customers.
STX OSV was listed on the Main Board of Singapore Exchange (SGX) on 12 November 2010. On 23 January 2013, Fincantieri Oil & Gas S.p.A., a wholly owned subsidiary of Fincantieri – Cantieri Navali Italiani S.p.A., acquired 50.75% of the shares in STX OSV from former majority shareholder STX Europe. Headquartered in Trieste, Italy, Fincantieri is one of the world’s largest shipbuilding groups and has, over its 200 years of maritime history, built more than 7,000 vessels.
