STX Finland secures contract for two well intervention vessels
STX Finland Oy and Eide Marine Semi AS, a subsidiary of Eide Marine Services A/S, have signed a contract for the outfitting, completion and delivery of two highly sophisticated well intervention vessels with an aggregate contract value exceeding EUR 300 million, the shipbuilder said Thursday.
The technically advanced well intervention vessels with deadweight of 31,000 tons will have a length of 122 meters and a width of 45 meters. The vessels are designed to operate in rough open sea conditions on Brazilian continental shelf. Vessels have innovative hullforms securing high seakeeping characteristics together with DP3 dynamic positioning system and truster arrangement. Large deck area provides opportunity to arrange all well serving equipment in most efficient way.
The project will create a high outfitting work load for STX Finland and its network. The work on the first hull will begin at STX Rauma shipyard in April 2012 and on the second hull in June 2012. The intervention vessels will be delivered from Rauma shipyard in March 2013 and June 2013. The contract is subject to certain financing conditions.
The contract shows STX Finland's ability to provide competitive services and win significant contracts in this highly sophisticated and demanding offshore business segment. The contract is also an important part of STX Finland's diversification strategy, in which the company is continuing to expand its operations into new business areas such as offshore business segment.
"The outfitting contract for Eide Marine Services is a very important project for STX Finland. It shows that our strategic plan to expand our product and services portfolio,and to improve our global competitiveness and presence, has been successful",says Timo Suistio, COO of STX Finland. "The project is very challenging both in terms of amount of outfitting work and the management of several global networking entities." continues Suistio.
STX Finland Oy has three shipyards in Finland, Turku shipyard, Rauma shipyard and Arctech Helsinki Shipyard Oy, of which STX FinlandOy owns 50%. STX Finland's subsidiaries include Aker Arctic Technology Oy and STX Cabins Oy, among others. The company belongs to the STX Europe Group, an international shipbuilding group with a product range including cruise vessels, ferries, offshore services vessels, arctic and other specialized vessels.STX Europe has approximately 14,000 employees. www.stxeurope.com
STX Europe's principal shareholder, the Korean based international industrial group STX Business Group, has approximately 58,000 employees and aims to be a global top player in its core areas; shipping and trade, shipbuilding and machineries, plant and construction, and energy.
Eide Marine Services AS is a company that own and operates vessels and units, carrying out special transports, heavy lifting operations, salvage works, installation and maintenance of subsea equipment and installation of wind turbines offshore. In addition Eide Marine Services AS will operate well intervention units. The company works in civil and military market segment. Eide Marine Services AS is also providing engineering and design of offshore vessels, units, floating cranes, crane design, as well as marine operation engineering. The company is internationally established with subsidiaries in the Netherlands, Singapore, China and Brazil. The company's headquarter is in Høylandsbygd where the main administration is. The company also has a maintenance base in Høylandsbygd.
The technically advanced well intervention vessels with deadweight of 31,000 tons will have a length of 122 meters and a width of 45 meters. The vessels are designed to operate in rough open sea conditions on Brazilian continental shelf. Vessels have innovative hullforms securing high seakeeping characteristics together with DP3 dynamic positioning system and truster arrangement. Large deck area provides opportunity to arrange all well serving equipment in most efficient way.
The project will create a high outfitting work load for STX Finland and its network. The work on the first hull will begin at STX Rauma shipyard in April 2012 and on the second hull in June 2012. The intervention vessels will be delivered from Rauma shipyard in March 2013 and June 2013. The contract is subject to certain financing conditions.
The contract shows STX Finland's ability to provide competitive services and win significant contracts in this highly sophisticated and demanding offshore business segment. The contract is also an important part of STX Finland's diversification strategy, in which the company is continuing to expand its operations into new business areas such as offshore business segment.
"The outfitting contract for Eide Marine Services is a very important project for STX Finland. It shows that our strategic plan to expand our product and services portfolio,and to improve our global competitiveness and presence, has been successful",says Timo Suistio, COO of STX Finland. "The project is very challenging both in terms of amount of outfitting work and the management of several global networking entities." continues Suistio.
STX Finland Oy has three shipyards in Finland, Turku shipyard, Rauma shipyard and Arctech Helsinki Shipyard Oy, of which STX FinlandOy owns 50%. STX Finland's subsidiaries include Aker Arctic Technology Oy and STX Cabins Oy, among others. The company belongs to the STX Europe Group, an international shipbuilding group with a product range including cruise vessels, ferries, offshore services vessels, arctic and other specialized vessels.STX Europe has approximately 14,000 employees. www.stxeurope.com
STX Europe's principal shareholder, the Korean based international industrial group STX Business Group, has approximately 58,000 employees and aims to be a global top player in its core areas; shipping and trade, shipbuilding and machineries, plant and construction, and energy.
Eide Marine Services AS is a company that own and operates vessels and units, carrying out special transports, heavy lifting operations, salvage works, installation and maintenance of subsea equipment and installation of wind turbines offshore. In addition Eide Marine Services AS will operate well intervention units. The company works in civil and military market segment. Eide Marine Services AS is also providing engineering and design of offshore vessels, units, floating cranes, crane design, as well as marine operation engineering. The company is internationally established with subsidiaries in the Netherlands, Singapore, China and Brazil. The company's headquarter is in Høylandsbygd where the main administration is. The company also has a maintenance base in Høylandsbygd.