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March 12, 2009

Halifax Shipyard to build OSV

Canada's Atlantic Towing is the successful bidder for EnCana Corporation's offshore supply vessel services contract for the Deep Panuke Project. This award includes building a new state-of-the-art offshore supply vessel at the Halifax Shipyard in Halifax, Nova Scotia.

Both Atlantic Towing and Halifax Shipyard are members of the J. D. Irving group.

The vessel is a 73.6 m UT-755 LN. You can download the specifications HERE.

Building and commissioning of the new vessel will employ over 200 shipyard workers at the peak and provide 426,000 person hours of employment. It will raise total employment levels at the shipyard to over 600 at peak. The building of the new ship will generate an estimated payroll of $20 million and will result in about $14 million in purchases of goods and services from approximately 50 Nova Scotia suppliers.

Atlantic Towing will operate the new vessel on long term contract with EnCana. In serving the Deep Panuke platform the vessel will provide over 50,000 man hours of work per year for Atlantic Towing, employing 25 crew members and staff in Nova Scotia.

"This will be the fifth offshore supply vessel built at the Halifax Shipyard " said Jim Irving, President of J.D. Irving Limited. "We are very pleased to be supporting EnCana's efforts to grow Nova Scotia's offshore oil and gas industry with state-of-the-art vessels built by skilled Nova Scotians."e most benefit from the harvesting of the Province's offshore resources."

Engineering and design work will begin immediately and the cutting of the first steel is forecasted for the third quarter of this year. Delivery of the vessel will occur in the fourth quarter of 2010.


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