Clough Secures New Subsea Construction Vessel

Clough Limited has entered into an agreement for an eight year charter of a new subsea operational support vessel.

The as yet unnamed vessel will be ready for service in June 2008. Once operational the vessel will be deployed on various projects and contracts, primarily in the Australasian and SE Asian regions.

The vessel is an advanced multi-purpose subsea construction vessel, developed in cooperation with owner and yard. Measuring 117.35 meters long, with a beam of 22 meters, the vessel is being built with accommodation for 120 people.

The vessel is designed for construction, subsea operations, diving and ROV services and will have a work deck area aft of the ROV section of approximately 1150 m2. The vessel will be equipped with a fully integrated diesel electric propulsion system, dynamic positioning class DP2, a deepwater crane of 200T, an advanced ROV launch and recovery system for 2 Work Class ROV's and a 12 man saturation diving system.

Mr. Kevin Cain, Chief Operating Officer of Clough's Offshore Oil & Gas Business Unit welcomed the vessel acquisition.

"We are excited about the inclusion of this vessel into Clough's subsea construction fleet," said Mr. Cain.

"The vessel is a welcome addition to Normand Clipper and Clough's pipelay crane barge Java Constructor, which is currently undergoing a major upgrade, and Clough Challenge.

"The installation of best-in-class equipment onboard the vessel means it will be able to compete in worldwide subsea construction markets.

"The vessel's rapid deployment, large deck space and lift capabilities are expected to all contribute to the vessel becoming a key differentiator in the growing Australasian SURF and diving markets."