Van Oord’s Vessel Stingray Bags Two Pipe Lay Projects in Asia
- Business & Finance
Van Oord has been awarded two pipe lay projects for its new shallow water pipe lay vessel Stingray. The total value of these contracts is approximately USD 80 million amount to more than EUR 60 million.
In Ulsan, Korea, Van Oord has been awarded the new SPM (Single Point Mooring) construction project for the S-Oil refinery. The pipeline installation started on 6 May 2013 and consists of dredging a trench, the installation of 42“ pipeline and the installation of a PLEM (Pipe Line End Manifold system).
The second award is for the replacement of Shalung No. 1 Offshore Crude Oil Pipeline, for the Taoyuan refinery CPC in Taiwan. This project is expected to be executed in Q2 and Q3 of 2013.
Shallow water pipe lay vessel Stingray complements Van Oord’s wide range of services to the offshore industry. Van Oord offers a one-stop shop of services -including dredging, pipeline installation, backfilling, engineering and procurement- to the oil and gas industry in shallow water. This integrated approach is in line with Van Oord’s growth strategy for its offshore business unit. Moreover it strengthens its positions as an EPC offshore contractor.
Press Release, May 8, 2013