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Company signs pipeline contracts worth USD 591m

Maritime company secures orders for new pipelaying vessels

Pipelaying vessel
New pipelaying vessels due to be built in 2014

IHC Offshore & Marine, part of IHC Merwede, and SapuraCrest have signed two contracts for the design, engineering and construction of two new 550t pipelaying vessels. The vessels are schedules to be built in the Netherlands in May and August 2014 respectively.

A third contract has been signed with OSX Construção Naval S.A. Brazil for designing and engineering a 300t pipelaying vessel, as well as a large equipment package supplied by IHC Engineering Business, among others. The contracts are worth USD 591m in total.

All three ships will install flexible pipelines in Brazilian waters, according to Petrobras’s contracts for the charter and operation of pipelaying support vessels, which were awarded to SapuraCrest.

IHC Merwede will build the two identical 550t pipelaying vessels at the Krimpen aan den Ijssel yard. These vessels are the first fully integrated offshore vessels completely designed, engineered and built by IHC Merwede with a pipelay spread supplied by IHC Engineering Business.

In addition, IHC Drives & Automation will deliver the integrated automation system, the full electrical installation and the complete electrical machinery package. Other IHC Merwede businesses, such as IHC Piping, are also delivering equipment.

The third vessel - with a top tension capacity of 300t - will also be designed and engineered by IHC Merwede. The vessel will be, line with demands made by Petrobras, built in Brazil, at the OSX yard in Açu, Rio de Janeiro. The pipelay spread will also be supplied by IHC Engineering Business.

SapuraCrest is a leading Malaysian rig and offshore support vessel operator. The company is listed on the Kuala Lumpur Stock Exchange.