Marine Subsea Inc signes a contract with Ulstein Verft
A newly formed company, Marine Subsea Inc has signed a contract with Ulstein Verft for an Ulstein SX121 well intervention for NKr840m (US$134m). The ship incorporates Ulstein’s revolutionary X Bow. The ship, designed by Ulstein Design AS, is scheduled for delivery in July 2009 and has already been contracted in Angola. “We are very pleased when our new customers ask for ships with the characteristic Ulstein X-Bow. We are frontrunners in developing highly advanced construction vessels loaded with equipment enabling them to perform demanding marine operations in deep water,” says CEO Gunvor Ulstein. African Offshore Services, the holding company of Marine Subsea Inc., is a newly established company that will carry out well intervention and other oil-service-related operations in West Africa.