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    Swiber subsidiary Kreuz to acquire new vessels

    Vessel & ROV News // October 17, 2007

    The Board of Directors of Swiber Holdings Limited has announced that Kreuz Engineering Limited, a wholly-owned subsidiary of Swiber’s wholly-owned subsidiary Kreuz International Pte Ltd, has entered into contracts with Thaumas Marine Ltd to construct four vessels for Kreuz Engineering for an aggregate sum of US$108 million.

    The two 78m DP2 subsea support vessels and the two deepwater 70m 10,000bhp anchor handlers are expected to be delivered between last quarter of 2009 and first quarter of 2010.

    The subsea support vessels will be outfitted with the state-of-the-art SAT system incorporating an advanced self propelled hyperbaric rescue chamber and 100-ton heave compensated crane. The vessels will also have a Class 2 DP system,
    accommodation for 146 personnel and a working moonpool.

    The subsea support vessels will complement Swiber’s existing EPCIC activities and perform subsea hardware installation
    and inspection, repair, and maintenance.

    The two deepwater 70m 10,000bhp AHTS vessels will be the first deepwater vessels Swiber has acquired. When delivered, the deepwater vessels will be available to international oil and gas companies for their deep-sea operations.

     

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