ESLP Mexico and OASES to Build New Multi-Purpose Jackup

ESLP SA de CV announced that they have entered into a Letter of Intent with OASES Offshore, Inc. to build and operate a next generation of all-purpose, self-propelled jack-up for operation in the offshore waters of Mexico in the Gulf of Mexico. The first of the vessels will be built in the ESLP yard in Tuxpan, Mexico. Operations will be conducted jointly with OASES Offshore, Inc.

The OASES vessel is designed to operate in 210 feet of water which makes it well suited for a vast area of Mexico's waters. The vessel measures 185 feet by 140 feet by 18 feet deep that allows for approximately 18,000 square feet of open deck area. A deck load of 2,000,000 pounds is in addition to consumables such as water and fuel. The vessel capacities permit the vessel to stay on location for about 35 days without re-supply. The vessel will be equipped with a 300-ton crane at a 100-foot radius along with two additional 70-ton service cranes. The quarters are designed for 70 personnel and crew with additional capacity for auxiliary quarters to house a total of 200 personnel. The vessel is self-propelled with a DP Ready positioning system. Additionally, the OASES vessel has a Rig Kit for well workover and drilling. The Rig Kit can be cantilevered from the vessel or can be removed and placed on the platform.

ESLP has recently acquired CCC with plans of expanding their offshore construction market in Mexico. According to Jose Molina, Chairman and CEO, ESLP SA de CV, "We believe the shallow water construction and well workover market here in Mexico holds tremendous opportunities for our company. The OASES vessel will allow us to provide a highly efficient approach to offshore construction and well servicing. ESLP is proud to bring this advanced technology to Mexico."