Technip Charters Offshore Construction Vessel

French oilfield services firm Technip announced Tuesday that it has entered a long-term charter agreement for a new-build offshore construction vessel with Norway's North Sea Shipping.

The charter will be for a period of five or seven years' commitment plus a five-year extension option, with a further option to purchase the vessel.
The vessel is specially designed and equipped to suit the Norwegian installation market. This advanced subsea construction vessel has a length of 466 feet (142 meters) and width of 89 feet (27 meters), and is equipped with a 400-ton crane and a 2,000-ton carousel for storage of flexible pipe below deck. The vessel will be built at Bergen Group BMV in Bergen, Norway, and delivered in 2014.
Technip said in a statement that the new vessel's design specification meets the highest requirements for subsea work and although it will work predominantly in the North Sea, it is also suitable for deepwater operations worldwide.

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