Inocean Wins CAT I Drillship Design Contract from Statoil (Norway)

Inocean has been awarded the contract for the Concept and option for FEED for the Statoil CAT I Drillship.

“The most important contract for Inocean ever,” says Jon Erik Borgen, CEO of Inocean. “Being developed for arctic operations, we are probably speaking of the most advanced and sophisticated unit evolved within drilling operations. Having this opportunity to develop the drillship of tomorrow is a big recognition of our design and engineering capabilities. We also appreciate that a Norwegian designer was chosen by Statoil in a strong competition with several major international players,” says Jon Erik Borgen.

The CAT I Drillship will be tailored for the Statoil Arctic Step-up program through suitable winterization, increased capabilities and a hull suitable for operations in ice infested waters. It is designed to minimize the environmental footprint and arranged with maximum focus on HSE. The design is based on the INO-80 Drillship.

The contract is a result of winning a 6 month design competition. The contract includes the Concept Design and option for the FEED (Front End Engineering Design) which is planned to go on until the end of 2014.

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Inocean, September 25, 2013