IHC Offshore to Build Two Pipelay Support Vessel for Brazilian Market

Malaysia’s SapuraCrest reported today that its subsidiaries TL Offshore PLSV1 Ltd and TL Offshore PLSV2 Ltd , has each yesterday entered into contracts with IHC Offshore And Marine B.V, for the construction of two 550 t pipelay support vessels, at a fixed lump sum price.

The two contracts are both dated 11 January 2012.

Scope Of Work

IHC’s scope of work under the contracts includes the provision and completion of basic design, detailed engineering, procurement, fabrication, construction, testing, commissioning, sea trials and successful delivery of the Vessels.

Vessel 1 and Vessel 2 will be completed and delivered to PLSV1 and PLSV2 within 30 months (30 May 2014) and 33 months (29 Aug 2014) respectively from 30 November 2011.

The construction and purchase of the vessels under the Contracts will enable PLSV1 and PLSV2 to capitalise on the positive outlook in the installation of pipelines and facilities (IPF) segment in the oil and gas industry, specifically in Brazilian waters, pursuant to Petrobras contracts for charter and operation of Pipe Laying Support Vessels which was earlier awarded to the Company, via the Company’s wholly owned subsidiary. After delivery, the Vessels will be slotted to perform the services under the Petrobras Contracts.

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Offshore Energy Today Staff, January 13, 2012