Norway: Master Marine AS Takes Delivery of its First Newbuild Jack-up Vessel

Master Marine AS announced that on June 11th the Company  formally took delivery of the newbuild jack-up vessel L205 ( “Haven”) from Drydocks World, Graha Shipyard at Batam, Indonesia.

The Jack-Up L205 is the first of two innovative jack-up construction vessels that the company ordered in 2007. This first unit has been customized and outfitted to meet ConocoPhillips requirements for a state of the art accommodation unit on Ekofisk field in the North Sea.

L205 will be transported to Norway by heavy lift vessel “Treasure” of Dockwise Shipping B.V.bv and final commissioning will take place at Nymo Yard in Eydehavn. When completed the unit will be towed to the Ekofisk field where it has a 3 three-year contract with option for extensions. The vessel will be the North Sea’s largest jack up accommodation unit with 447 single cabins.

This delivery marks an important milestone in the history of Master Marine and the beginning of a new era. Having been in development for years, it is the company’s first vessel. Since ConocoPhillips placed the contract for the unit in October 2008, Master Marine has worked closely with the oil major to realize this significant project. A large and dedicated team has worked extremely hard to make sure that this delivery was possible.

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Source: MasterMarine, June 22, 2010;