Vard OSCV construction order

The vessel of VARD 3 17 design, which has a total length of 98m and a beam of 21.5m, has been developed especially for subsea and IMR operations. It is arranged for two ROVs and features a 150 tonne active heave compensated offshore crane.

Roy Reite, VARD CEO and executive director, said: “We appreciate the long-term relationship we have with Farstad, and this cooperation has once again resulted in a new and innovative project. We would like to congratulate the Farstad team with the five years’ agreement for this vessel with Technip.”

The vessel was designed by Vard Design in Ålesund, Norway, in close cooperation with Farstad and Technip. Farstad has been awarded a five year framework agreement by Technip Norge for delivery of ROV support operations, light construction work, IMR and other subsea related activities, which will be fulfilled with this newbuild vessel. Delivery is scheduled from Vard Vung Tau in Vietnam, in the last quarter of 2016.

Farstad Shipping’s fleet currently consists of 62 vessels (32 AHTS, 26 PSV and four subsea) and three subsea vessels (including this new one) under construction. The company’s operations are managed from Ålesund, Aberdeen, Melbourne, Perth, Singapore, Macaé and Rio de Janeiro. Its strategy is to be a leading quality provider of large, modern offshore service vessels to the oil industry.