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Marine Log

SX123

February 6, 2007

Statoil signs LOI for response vessels

Statoil has signed two letters of intent with the Danish shipping company Esvagt AS for delivery of two emergency response vessels.

The deals are together worth over NOK 900 million.

The ships, both newbuildings, will enter service as area emergency response vessels in the North Sea.

Norway's Ulstein Design AS has designed the vessels, which have the Ulstein innovative X-bow.

One of these two Ulstein type SX123 vessels will operate in the Sleipner/Volve area, replacing the current vessel there, in addition to maintaining upcoming emergency response requirements when the Volve field comes on stream.

The other vessel will operate in the Gjoa area.

"With these state-of-the-art, robust craft, we're strengthening our emergency response capabilities and safety in the North Sea," says Terje Breivik, head of maritime operations in Statoil.

The ships will be able to take 370 people each in the event of a major accident. They will also be able to undertake emergency tows of drifting vessels up to tankers and will be equipped with the latest oil spill prevention equipment. During bad weather the ships can haul in smaller craft, such as man overboard boats (MOBs), via a special stern sluice.

The Esvagt shipping company, 75% owned by A P Moller-Maersk, will deliver the vessels in the spring of 2009.

The contracts have an eight-year duration with options of three times one year.

The emergency response vessels will have an overall length of around 76.5 m and a beam of 17 m they will have a crew of 11 and will be capable of 17 knots speed.

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