Fairstar Heavy Transport secures rig transportation contract from Seadrill
Fairstar Heavy Transport N.V. (FAIR) has been awarded a new contract to transport the drilling rig OFFSHORE VIGILANT from Port of Spain, Trinidad to Vung Tau, Vietnam on Fairstar’s semi-submersible vessel FJELL. The contract value is USD 2.9 million, the Company press release said.
FJELL has just safely discharged two concrete power generating barges for the Chevron EGTL project in Escravos, Nigeria and is en route to Port of Spain. The OFFSHORE VIGILANT is expected to be loaded on the FJELL at the end of MAY.
Willem Out, COO of Fairstar, commented: “It is business as usual at Fairstar. This voyage positions FJELL almost perfectly to be in the Far East just in time to begin her work on the Gorgon contract in August. Once the rig has been safely discharged, we will put FJELL into dry-dock and prepare the ship for Gorgon certification.”
Fairstar Heavy Transport NV is a Rotterdam-based company currently quoted on the Oslo Stock Exchange (ticker: FAIR). Fairstar Heavy Transport NV (FAIR) was incorporated in July 2005 and subsequently financed with approximately USD 50 million in equity through a private placement in July 2005.