Fairstar Heavy Transport N.V.'s FJELL awarded new contract and FJORD arrives in Korea for Gorgon preparations
Fairstar Heavy Transport N.V. (FAIR) has signed a contract with Aveon Offshore Limited to provide marine transportation services for the Chevron OAGM project in Nigeria. The FJELL will transport two power barges from the Bonny River in Nigeria to the Escravos Area. The contract value is USD 1.2 million and the total operation is expected to require about 12 days.
The FJELL is currently en route to Angola with the Hercules 185 and will proceed to Port Harcourt immediately after discharging the rig in Luanda at the end of April. The FJORD has arrived in Okpo, South Korea today and will discharge the CLOV FPSO components on board at the DSME yard. FJORD will then enter a dry dock facility nearby and prepare its wetsides, topsides and ballast tanks for Australian Quarantine compliance. FJORD will go on contract for the Gorgon LNG Project in May.
Willem Out, Chief Operating Officer at Fairstar, highlighted the importance of these fleet developments, saying "The FJELL will be demonstrating its special qualities to return these power barges into service at Escravos. The shallow draft of the vessel and its very strong deck and frame give FJELL performance features critical for the safe and reliable execution of this transportation. These concrete power barges had been previously transported by Fairstar last year with the FJORD. FJORD arrived at the DSME yard in Okpo today after a safe voyage from Angola. Once the FPSO components on board her deck have been lifted off, the FJORD will get ready for Gorgon. FJORD has been selected to transport the first modules to Barrow Island for Gorgon in May."
For further information please contact:
Philip Adkins, CEO ([email protected])
Ingmar den Blanken, Treasurer ([email protected])
Web: www.fairstar.com
Tel: +31 (0)10-403 5333
*****
Profile Fairstar Heavy Transport:
Fairstar Heavy Transport N.V. is a leading provider of marine heavy transport solutions, specializing in high-value cargoes for the offshore and onshore energy and construction industries. Fairstar owns and operates two of the most modern semi-submersible heavy transport ships in the global fleet, FJORD and FJELL. The 50,000DWT, open-stern semi-submersible vessels FORTE and FINESSE are currently under construction with Guangzhou Shipbuilding International in China and will be owned and operated by Fairstar when they are delivered in May and October of 2012 respectively. Fairstar is based in Rotterdam and quoted on the Oslo Stock Exchange (ticker: FAIR).Copyright Thomson Reuters
Attachment(s)
http://hugin.info/143837/R/1598233/503901.pdf
This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients.
The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of the
information contained therein.
Source: %s via Thomson Reuters ONE
[HUG#1598233]
