Grenland Wins Contract for Concrete MPU Work

Grenland Group has been awarded an engineering contract for an MPU Heavy Lifter for MPU Enterprise AS. The contract includes detail design and engineering, and has a value of approx. NOK 30 million. The work will be performed in Grenland Group's offices in Sandefjord.

The MPU Heavy Lifter is a semi-submersible concrete vessel. It is a U-shaped Multi Purpose Unit (MPU) for use in handling of offshore installations. The MPU Heavy Lifter is designed for removal of topsides from jackets or floating substructures, as well as for installation of topsides onto jackets or floating substructures. Furthermore, it is equipped for removal and installation of jackets. The MPU Heavy Lifter is a buoyancy lifter, i.e. lifting by deballasting.

"After several years of conceptual development of the Heavy Lifter vessel, we are pleased to have started the detail design. We feel very comfortable with the work being carried out in close cooperation with Grenland Group," says Kolbjorn Hoyland, Managing Director of MPU Offshore Lift ASA. "The company has, by a private placement, ensured the financing of the ongoing design work. The company plans to secure the financing of the construction this autumn. The financing will be managed by Pareto, ABG Sundal Collier and Enskilda Sequrities. Loan financing is partly ensured by guaranties from Norwegian and Dutch guarantee institutions."

Grenland Group is pleased to be a major supplier to the Norwegian company MPU Enterprise AS in the launching of this multi purpose unit. "By signing this contract, GG takes a position in the future offshore decommissioning market," says Bjorn Anker, head of Grenland Group's Technology Division.

Grenland Group is a full-service engineering, procurement and construction company aiming to strengthen the business of its clients. The company consists of two divisions; Technology Division and Fabrication Division. Grenland Group has activities at 13 locations in Norway with a total of 950 employees. In addition, the company has engineering subsidiaries in Houston and Kuala Lumpur.

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