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    Stolt Offshore to charter and convert CS Pertinacia

    Vessel & ROV News // October 7, 2005

    Stolt Offshore has announced that it has entered into an agreement with ELETTRA TLC SpA to charter CS Pertinacia for a firm period of six years from January 2007, plus an additional three year option.

    The vessel will be delivered to Stolt Offshore in July 2006 for conversion before the start of the working period.

    CS Pertinacia is owned and operated by ELETTRA TLC SpA, a wholly owned subsidiary of Med Nautilus SA (70 per cent Telecom Italia) having a history of survey, installation and repair of submarine cable systems in the Mediterranean Sea, the Atlantic and Pacific Oceans.

    Built in Italy in 2002 as a cable lay vessel CS Pertinacia is 130m in length with a 23m beam and is fitted with dynamic positioning.

    In a statement issued October 6th, Stolt Offshore said the vessel's size, configuration and installed power makes her "eminently suitable for flexible pipelay and subsea construction activities."

    Alan West, Vice President Asset Development Projects at the company, said: "As with Polar Queen, which will also join our fleet in January 2007, CS Pertinacia is one of a few recently built and seldom used vessels of this type that are particularly well suited for conversion for the subsea construction market. She will provide much needed additional capacity and flexibility to our fleet in a market indicating high demand in the years to come."

    Giovanni Muti, President of ELETTRA, said: "The agreement reached with Stolt Offshore is the result obtained by the company in the process of looking outside its traditional market and represents the first tangible step towards diversification of the ELETTRA business."


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