Norway: STX OSV Wins New Contract For Construction of Three Multi Role Vessels

STX OSV Holdings Limited, one of the major global designers and shipbuilders of offshore and specialized vessels, is pleased to announce that it has secured new contracts for the design and construction of a series of three Multi Role Vessels (MRV) for DOF ASA. Delivery is scheduled for the second half of 2012.

The new MRV 05 vessels were designed by STX OSV Design in Ålesund, Norway. Based on STX OSV’s new environmentally friendly PSV hull shape, the MRVs have been developed in close cooperation with DOF to fulfill specific roles in supply service, stand-by service, ROV operations and seismic activities.

The hulls will be delivered from STX OSV in Romania. Outfitting and commissioning for two of the vessels will take place at STX OSV Aukra, while the third will be delivered from STX OSV Brattvaag in Norway.

About STX OSV

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. STX OSV’s major shareholder STX Europe is part of the international STX Group. STX Group has approximately 54,000 employees, and aims to be a global top player in its core areas; shipping and trade, shipbuilding and machineries, plant and construction, and energy.

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Source: STX OSV, April 8, 2011.