SBM Offshore Sells Diving Support Vessel to New JV



Netherlands-based oilfield services firm SBM Offshore announced Monday that it has agreed to sell the DSCB SBM Installer to OS Installer for $150 million.

According to SBM, DSCV SBM Installer is a state-of-the-art multi-purpose diving support and construction vessel, based on the MT-6024 design from Marin Teknikk in Norway and built to DNV rules and international regulations. Built by Keppel Singmarine in Singapore in 2013, the vessel features the patented "double-deck" design which improves safety as well as providing significantly more deck space.

The vessel is equipped with a class III dynamic positioning system as well as a fully integrated 12-man saturation diving system capable of operating in up to 980 feet of water.  A 250-ton knuckle boom crane and 150-ton winch will enable the vessel to carry out offshore construction and installation work in water depths of up to 4,920 feet.

OS Installer is a newly-established joint venture between Ocean Yield (which holds a 75-percent stake in the business) and SBM.

Under the terms of the sale agreement, SBM Offshore will charter the vessel under a long-term bareboat charter for a fixed period of 12 years. SBM will have options to acquire the vessel during the bareboat charter period, with the first option exercisable after five years.

 

 



WHAT DO YOU THINK?


Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

RELATED COMPANIES