Ulstein Delivers Island Venture

  • Business & Finance

Norwegian shipbuilder Ulstein has delivered its largest so far offshore construction vessel (OCV) the Island Venture.

The vessel, with a length of 160 metres and a beam of 30 metres, is designed by Ulstein Design & Solutions (SX165) for Island Ventures 5 LLC.

Island Venture can perform operations such as well intervention with or without riser, drilling operations and handling of limited amount of well fluids.

According to Ulstein, Island Venture has one of the largest open moon pools among sailing OCVs. The vessels’ submerged volume of 1,800 m³ is equivalent to the deadweight of a small platform supply vessel. The moon pool area is prepared for later installation of a module handling tower. In addition, two segregated moon pools of 50 m² each are dedicated for the launch and recovery of two work-ROVs.

The vessel was redesigned during the construction phase and has been built and outfitted according to the SPS Code. It has a maximum operational depth of 4,000 metres and can accommodate 239 persons.

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