Work under the first short-term contract commenced in November, with the second, long-term contract expected to begin in December 2019. The construction support vessel (CSV) Southern Ocean will complete its charter under the second contract in Q1 2020. An option could extend the contract well into 2020, according to Oceanteam.
Equipped for field support, construction, installation and inspection, repair and maintenance, Southern Ocean is a dynamic positioning class 2-capable CSV, equipped with 250-tonne capacity and 100-tonne capacity active heave compensated cranes, 2,400 m2 deck space and accommodation for 120.
Bergen-based Oceanteam also has a 50% interest in the CSV Bourbon Oceanteam 101, which is under charter until mid-Q1 2020 offshore Angola. The initial charter for Bourbon Oceanteam 101 began in 2016. Over the course of the charter the CSV has assisted in installing jumpers and x-mas trees.
Speaking of the activity offshore east India, Oceanteam fleet and chartering manager Mathieu Feisthauer, said “This is now the second and third charter in this region. A region that is rapidly developing and will provide more opportunities in the future.”
With Southern Ocean now under charter, the entire Oceanteam fleet is fully utilised with firm charters into Q1 2020. Over 2019, the Oceanteam fleet utilisation is expected to exceed 85%.
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