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.

 

 



Have a news tip? Share it with Rigzone!
Email news@rigzone.com

WHAT DO YOU THINK?

Click on the button below to add a comment.
Post a Comment
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
Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE

More from this Author
Rigzone Staff
e-mail us at news@rigzone.com
 -  Scottish Government Reveals New Subsea... (Jan 20)
 -  SOFF Secures Services Contract for Jan... (Jan 20)
 -  NPD Grants Lundin Permit for Appraisal... (Jan 20)
 -  Lion: AMT-1 Well Abandoned After Stuck... (Jan 20)
 -  Unite: Workers 'Deeply Unhappy' About ... (Jan 20)


Most Popular Articles

From the Career Center
Jobs that may interest you
Rockies Area Operations Manager
Expertise: Mud Engineer / Drilling Fluids|Well Servicing & Testing
Location: Denver, CO
 
Drilling Chokes Operator
Expertise: Field Service Tech|Well Servicing & Testing
Location: Odessa, TX
 
CDL Class A Drivers
Expertise: Well Servicing & Testing
Location: Midland, TX
 
search for more jobs

Brent Crude Oil : $55.49/BBL 2.45%
Light Crude Oil : $52.42/BBL 2.04%
Natural Gas : $3.2/MMBtu 5.04%
Updated in last 24 hours