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    Ulstein Verft to build well intervention vessel for West Africa?

    News // January 26, 2007

    Scandinavian Shipping Gazette reports that Ulstein Verft in Norway is to build a large well intervention vessel at a cost of approximately US$135 for delivery in July 2009.

    Scandinavian Shipping Gazette said the vessel has been ordered by newcomers to the market, Africa Offshore Service, which it said is a Norwegian company founded by Mårten Rød, Christian Nygaard (both Interoil) and Gian Angelo Perrucci.

    Quoting the Norwegian financial daily Dagens Næringsliv, Scandinavian Shipping Gazette said the Norwegians have negotiated a 10-year charter with the Angolan state oil company Sonangol, and have also been joined by Swedish offshore and rig investor J Christer Ericsson.

    The report said the vessel could secure day rates of US$200,000 and operating expenses of US$30,000.

    Operation of the new vessel will be assigned to Island Offshore, said the report.


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