Norway’s Solstad Offshore (SOFF) has secured a multi-year contract for its Derrick Lay Barge “DLB Norce Endeavour” to work on Chevron’s installation and construction program offshore Thailand.
According to Oslo-listed firm, the DLB Norce Endeavour will be utilized to install multiple new wellhead platforms and subsea pipelines in the Gulf of Thailand.
The work is expected to start in 2016 and extends for 4 years fixed term with 3 one year options.
Mobilisation for the 2016 season will start in January. The vessel is expected to be utilized for around 200 days.
Furthermore, “The number and configuration of wellhead platforms and subsea pipelines to be installed in subsequent years is not fixed and will vary depending on Chevron productions requirements,” the company said in its Tuesday’s Stock Exchange filing.
DLB Marine Projects group in Singapore will provide project management, engineering, procurement and logistics to support the DLB installation and construction scope of work.
Solstad said that the financial terms remain confidential between the parties.