Saipem has entered into an agreement to acquire the ultradeepwater, heavy lift and construction vessel Lewek Constellation, the company said on March 22.

The Constellation, completed in 2013, will be marketed in all geographic areas including the Gulf of Mexico and the North and Norwegian seas where the vessel characteristics make it suitable to pursue the subsea tieback initiatives predominant in those areas.

“This acquisition is part of our strategy aimed at fostering Saipem’s subsea growth and will additionally contribute to enhance stronger relationships with our partner in the integrated SURF and SPS segment and with the clients mostly active in this market,” Stefano Cao, Saipem’s CEO, said.

The Constellation will be acquired for $275 million through the partial utilization of available liquidity.