Reef Subsea charters Neptune newbuilds

Contracts, Tenders and Rates - November 16, 2011

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Reef Subsea has signed two five-year charter agreements with Neptune Offshore in Norway for two newbuild, dynamically positioned subsea construction vessels - Neptune Despina and Neptune Larissa.

Simultaneously, Neptune Subsea, the shipowning company for the vessels, has welcomed Reef Subsea as a 25 per cent shareholder.

Both vessels have been recently delivered to Neptune Offshore and should be transferred to Reef Subsea by mid-January 2012.

The vessels are subsea/IMR/construction vessels, and will be renamed Reef Despina and Reef Larissa.

They were designed by Ulstein group and have the Ulstein X-Bow and the advantages claimed for that hullform in terms of transit speed in head seas and reduced fuel consumption.

In a statement Reef Subsea said the design also provides several advantages in the foreship and on the working decks, making the vessels more environmentally and work friendly.

Designed for worldwide and deepwater services, they are equipped with 150t SWL crane with active heave compensation, an enclosed ROV hangar with integrated LARS for the deployment of work-class ROVs on both sides of the vessel, a large moonpool and up to 750m˛ of working deck.

The 150t crane is able to work in over 2,000m of water and, with the Reef Subsea’s worl class ROVs, the vessels will be able to operate in water depths up to 3,000m.

Both vessels are expected to work in the North Sea and elsewhere in Europe.


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