Norway: STX Confirms Two Platform Supply Vessels Contracts from Island Offshore

STX OSV, one of the major global designers and shipbuilders of offshore and specialized vessels, reported that contracts for two Platform Supply Vessels (PSV) with Island Offshore have been confirmed.

The contracts had originally been announced on 30 October 2011, subject to financing approvals. All subjects have now been lifted and the contracts have been made effective.

In an e-mailed statement to Offshore Energy Today, Island Offshore confirmed the deal and said “this newbuilding order is a part of Island Offshore’s strategic growth in this segment.”

The estimated contract value is $85 million (NOK 500 million).

The vessels will be of Rolls Royce’s UT 717 CD design. The overall length of each vessel will be 84.3 meters with a beam of 17 meters, and the deadweight will be approximately 3800 DWT. Deliveries are scheduled from STX OSV Brevik in Norway in the third and fourth quarter 2013.

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Offshore Energy Today Staff , November 29, 2011; Image: STX OSV