Otto Marine Limited, (“Otto Marine” or the “Group”), a leading offshore marine company which owns and operates a large fleet offshore support vessels, shipyard and offers specialized offshore services, has held a vessel naming ceremony for ‘Norshore Atlantic’ at its Batam Shipyard, Indonesia, on 28 February 2014, the Group said in a press release.
The Norshore Atlantic is one the first of its kind to be successfully constructed by an Asian yard. It is an efficient and environmental friendly multi-purpose drilling vessel built to the MT6022XL Norwegian design. The highly complex vessel classed by DNV is equipped with dynamic positioning 3 (‘DP3’) capability, and is primarily designed for riserless operation utilizing known and field proven technology. Norshore Atlantic is equipped to perform riserless drilling operations, plugging and abandonment of old wells, well completion work, well intervention and subsea construction work. It has an ROV system installed onboard, and is equipped with a 150T AHC, offshore cranes, and a drilling derrick. The Norshore Atlantic is suitable for work in both shallow and deep water, ranging from 70 to 3000 meters.
For its maiden project, the Norshore Atlantic is contracted in Asian waters. Subsequently, it will be engaged by an oil major on a three year program and is expected to work globally.
Going forward, the Group’s shipyard will support the growth of our chartering operations by constructing sophisticated offshore support vessels to join the Otto Marine fleet. In addition, the Batam yard will also leverage on opportunities to construct newbuild vessels for the Indonesian cabotage market, at the same time expanding its ship repairs, conversion and fabrication business.
Otto Marine Limited ("Otto Marine" or the "Company") is an offshore marine group which owns and operates a large fleet of offshore support vessels and is engaged in specialized shipbuilding of offshore vessels for primarily Deep Sea applications. The shipbuilding includes ship repair and conversion. Headquartered in Singapore, the Company owns/leases and operates 64 offshore vessels and one of the largest shipyards in Batam, Indonesia - one of the most sophisticated yards in Asia Pacific. The yard is building to ABS, DNV and Norwegian class standards. Its customers are primarily deep sea and offshore operators and equipment companies who provide logistics support and offshore services to companies operating globally in the oil and gas industry.
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