Jacktel issues letter of award to Lamprell for Haven modsVessel & ROV News // September 27, 2016
Jacktel AS, a wholly-owned subsidiary of Master Marine, has issued a Letter of Award for a turnkey contract on a lump sum basis to Lamprell Energy Limited for the procurement, construction and installation of extended legs and new suction caissons on the jack-up accommodation unit Haven.
Based on the engineering, which is executed in joint cooperation between Statoil and Jacktel, as well as contractual commitments in the contract with Lamprell, the expected cost of the upgrade has increased by approximately US$17 million.
The cost increase is largely related to increased dimensions and weight related to legs and suction caissons due to detailed soil assessments.
The contract value of the firm period of Jacktel's contract with Statoil has been revised accordingly, and the increase will be distributed evenly over the firm contract period of 548 days.
As a part of the revised contract value, the parties have agreed that Statoil has additional rights to extend the contract, such that Statoil can extend the contract by 3 x 6 months plus 6 x 2 months.
Statoil has the option to elect the order of the contract extensions to be exercised. Jacktel will now commence work to complete the financing of the upgrade.