Rem Offshore’s newbuild suffers setback
- Business & Finance
Norway’s Rem Offshore ASA has informed that the delivery of the Offshore Construction Vessel (OCV) the company ordered at Vard in June has been delayed for a year.
The two companies signed the contract in June 2014 according to which the vessel would be delivered in the Q1 2016. However, Rem Offshore explains that due to present marked conditions they have agreed to postpone delivery of the vessel.
The new delivery date is set for the Q1 2017. According to Rem Offshore, the remaining terms are unchanged. The building cost for the vessel is approximately NOK 800 million ($133.3 million).
The vessel is of the Vard 2 06 design with overall length of 100 meters and a beam of 25 meters. It will be equipped with a 150 ton offshore crane, ROV hangar, prepared for A-frame and accommodation for 90 people.
Rem Offshore recently received notice of contract termination for two of its platform supply vessels chartered for Kara Sea operations.
Offshore Energy Today Staff