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Vard to build Farstad OSCV at Vietnam shipyard

17th December 2014

Vard Holdings secured a contract for the design and construction an offshore subsea construction vessel (OSCV) for Farstad Shipping

Vard Holdings secured a contract for the design and construction an offshore subsea construction vessel (OSCV) for Farstad Shipping
The vessel was designed by Vard Design in Ålesund, Norway, in close cooperation with Farstad and Technip

“We appreciate the long-term relationship we have with Farstad, and this cooperation has once again resulted in a new and innovative project,” said Roy Reite, Vard CEO and executive director.

“We would like to congratulate the Farstad team with the five years’ agreement for this vessel with Technip.”

The vessel will be of VARD 3 17 design, with a total length of 98 metres and a beam of 21.5 metres, and has been developed especially for subsea and IMR operations. It is arranged for two ROVs (remote operating vehicles) and features a 150 ton active heave compensated offshore crane.

The vessel was designed by Vard Design in Ålesund, Norway, in close cooperation with Farstad and Technip.

Farstad has been awarded a five year framework agreement by Technip Norge for delivery of ROV support operations, light construction work, IMR and other subsea related activities, which will be fulfilled with this newbuild vessel.

Delivery is scheduled from Vard Vung Tau in Vietnam, in 4Q 2016.

Farstad Shipping's fleet currently consists of 62 vessels (32 AHTS, 26 PSV and four subsea) and three subsea vessels (including the above) under construction. The company's operations are managed from Ålesund, Aberdeen, Melbourne, Perth, Singapore, Macaé and Rio de Janeiro with a total of 2,250 employees engaged onshore and offshore. 

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