Norway: DOF Orders Offshore Subsea Construction Vessel from STX OSV

STX OSV Holdings Limited (“STX OSV”), designers and shipbuilders of offshore and specialized vessels, announces that it has secured a new contract for the design and construction of one Offshore Subsea Construction Vessel (“OSCV”) for DOF. The value of the contract amounts to approximately NOK 650 million.

The vessel is of OSCV 11 design, developed by STX OSV in Ålesund, Norway. It will be designed with the new innovative moon pool concept from STX OSV. STX OSV Design has together with Marintek and DOF Management just completed an extensive research program supported by the Norwegian Research Council, focusing on safe design and operation of moon pools. The results of the three years’ R&D program have been incorporated into the new moon pool design for the OSCV. Compared to vessels with conventional moon pool design, the vessel can operate in a wider range of weather conditions in a safer manner for the vessel’s crew and equipment.

The overall length of the vessel will be approximately 121 meters with a beam of 22 meters. It will be equipped with one 250 tons offshore crane and two ROV systems. The vessel will have accommodation for 100 persons.

Delivery is scheduled from STX OSV Søviknes in Norway in 2Q 2013. The hull of the vessel will be delivered from STX OSV Tulcea in Romania.

650 000 000 Norwegian kroner = 113.5706 million U.S. dollars