Sea Trucks Secures $130M Facility to Finance Completion of Jascon 18 MCSV

Sea Trucks Group Limited (Sea Trucks), an international oil and gas marine contractor with a strong track record in the key oil and gas producing regions, particularly West Africa, announced Wednesday a $130 million facility to finance the completion of Jascon 18 has been signed (the facility).

Jascon 18, a 492 foot (150 meter) dynamic positioning 3 (DP3) multipurpose construction support vessel, will continue the final stages of outfitting at the Kwong-Soon shipyard in Singapore where work on the accommodation blocks, cabling, piping and installation of an 1,800 ton main crane has already begun. The vessel is expected to be delivered in 3Q 2015.

The vessel will enhance Sea Trucks’ offering to clients by adding an Ultra-Deep and Deepwater project capable vessel to the existing global DP3 fleet, complemented by the broad spread of vessels operated from Sea Trucks’ West African bases.

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