More contracts for Ulstein in Brazil

The contracts, covering the delivery of design, engineering, main equipment and building follow-up, are worth about NOK 150 million. The Norwegian Ulstein Design & Solutions company says that with the current trend of oil and gas production taking place ever further from land, the demand for large platform supply vessels (PSVs) is increasing. The P105 and PX105 designs, both large PSVs with a conventional bow and an X-bow respectively, are said to offer the size and versatility necessary for these markets and operations.

CBO currently has four Ulstein-designed PSVs under construction at the Alianca yard in Rio de Janeiro. The contracts for two more PX105 vessels bring this number up to six. The two new ships will go into charter for Petrobras, on eight-year contracts, with options for extensions.

“These contracts are of great importance to Ulstein. There are major investment activities on the Brazilian continental shelf and there are wide-reaching plans for the area. It is important to position ourselves in this market”, says COO in Design & Solutions, Tore Ulstein. “We are very happy that a trendsetting company like CBO once again has chosen Ulstein and the PX105 design for its fleet development.”