Bibby Offshore secures new vessel on charter

Contracts, Tenders and Rates - April 20, 2012

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Bibby Offshore has secured a three-year bareboat charter agreement with Solstad Offshore Asia Pacific Ltd for NOR Spring, a DP2 anchor handling support vessel.

The deal has been struck by Bibby Offshore’s Singapore operation, Bibby Offshore Singapore Pte Ltd. NOR Spring represents a multi-million dollar investment by Bibby Offshore and becomes the fifth vessel in the fleet.

NOR Spring is currently completing ROV support operations for an EPIC contractor in Papua New Guinea and is expected back in Singapore by the end of April.

The vessel will then undergo planned maintenance before Bibby Offshore, with vessel manager Bibby Ship Management Ltd, takes delivery of the ship later in May.

The 2008-built NOR Spring comes with a proven track record in the Middle East and Asia-Pacific. The vessel has 600m² of free deck space as well as an ROV mezzanine deck and multiple DP reference systems including fanbeam and taut-wire. The ship is equipped with a subsea 20 tonne @ 15m AHC knuckleboom crane suitable for man-riding and can be fitted with an existing 40tonne Safe Working Load (SWL) A-frame if required.

NOR Spring has accommodation for 60 personnel and a built-in hospital making it suitable for ROV and diving operations which involve large project and client teams.

For the first contract starting in May, Bibby Offshore will be mobilising NOR Spring in Singapore with a survey spread and two newly-purchased TMS inspection class Seaeye Lynx ROVs before transiting the vessel to Indonesia where it will be carrying out a platform and pipeline, inspection campaign.

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