Good progress being made on Nautilus Minerals' production support shipVessel & ROV News // December 1, 2015
Board members from Nautilus Minerals were in attendance at Fujian Mawei Shipbuilding Ltd on a reent visit to observe progress made on constrcution of its Production Support Vessel (PSV).
The vessel is to be chartered by Nautilus and its PNG partner, Eda Kopa (Solwara) Limited, from Marine Assets Corporation. It will serve as the base for its seafloor operations planned at the Solwara 1 Project, in the Bismarck Sea of Papua New Guinea.
Geoff Loudon, Nautilus’ Chairman, said: "It is very rewarding for me and my fellow board members to be here today to meet the shipbuilders and see the impressive construction progress being made on the vessel. The shipyard 3D modelling for production drawings continues with the yard having already released 90 blocks (out of total 305) for steel-cutting and assembly has commenced on 21 blocks.
"To date over 10 per cent of the total steel cut has been completed which includes the cutting of eight full blocks. This is amazing work that has been achieved and I look forward to December 2017 when we expect to take delivery of the vessel to enable us to commence our seafloor operations in the first quarter of 2018.”