M2 Subsea Secures Vessel Alliance In Gulf Of Mexico

Global independent ROV services provider M2 Subsea Ltd. has partnered with leading vessel operator Harvey Gulf International Marine to provide subsea ROV services in the Gulf of Mexico.

Harvey Bronco, Harvey Gulf’s survey support vessel, will utilize M2 Subsea’s ROVs and will focus on the survey and inspection market. It will also be used for light intervention activities.

M2 Subsea will equip the Harvey Bronco with the 150-hp Triton XLX34 ROV system to assist with offshore heavy-duty work. The Triton is rated to 3,000-m (9,842.5-ft) depth. The system has a tether management system, a survey junction box and auxiliary hydraulics.

Harvey Bronco will port at Harvey’s Gulf’s Operation Yard in Port Fourchon, La. The deployment in August will conduct an underwater inspection in lieu of dry-docking project.

M² Subsea focused on reducing costs and risks to meet the demands of the low oil price environment.

Topaz Lines Up Work For Vessels Offshore Turkmenistan

United Arab Emirates-based Topaz Energy and Marine has bagged deals worth $100 million from Dragon Oil to supply six vessels for work on the Cheleken Area in the Turkmenistan sector of the Caspian Sea.

Under the five-year agreement, Topaz will supply five anchor handing tug and supply vessels and one emergency response and rescue vessel.

“This is a critical contract win for Topaz. It not only increases our revenue backlog above $1.5 billion—the highest in the industry—but it also demonstrates the trust that Dragon Oil has placed in our ability to deliver the technology and safety capabilities our clients increasingly require,” said Topaz CEO René Kofod-Olsen. “Our solid funding also means that we are able to structure long-term commercial terms which offer predictability and value to our clients at very low counterparty risk.”

Fugro Extends DOF Construction Vessel Contract

Netherlands-based Fugro NV has extended the contract for DOF Subsea Group’s Skandi Carla construction vessel.

In an Oslo Stock Exchange filing on Aug. 18, DOF said Fugro extended the firm period of hire for the Skandi Carla from July 2017 to the end of October 2019.

Until July, the vessel worked for Fugro under a contract awarded in 2012.

Skandi Carla is an ROV survey, inspection, repair and maintenance, and construction support vessel. Delivered in 2001, the DP2 ship is equipped with a diesel-electric engine, an advanced digital GPS, ultra-short base line acoustic system and a real-time kinematic data sensor called the Seapath 200 RTK.

Skandi Carla is fitted with a heave compensated, knuckle-boom-deck-styled crane called the Hydramarine 50T/15m, which has recovery speeds at depths down to 3,000 m (9,842.5 ft).

—Staff Reports