Vard Holdings Limited - VARD, one of the major global designers and shipbuilders of offshore and specialized vessels has announced that it has secured new contracts for the design and construction of two Offshore Subsea Construction Vessels (OSCV) for a new customer, Dubai-based Topaz Energy and Marine (Topaz).

VARD Secures Contracts For Two Light Construction Vessels For Topaz Energy & Marine

Image: Vard

Specially developed for crane operations and light subsea construction with intervention duties, the vessels will be of VARD 308 design, measuring a total length of 98.1 meters with a beam of 20 meters.

Designed by Vard Design in Alesund, Norway, and with hulls to be constructed at Vard Tulcea in Romania, delivery is scheduled from Vard Brattvaag in Norway in 3Q 2017 and 4Q 2017 respectively.

The aggregate value of the two contracts exceeds USD 100 million. The DP2 class vessels will have a 120-ton active heave compensated offshore crane with the capability to reach working depths of 3000 meters. Subsea equipment can be lowered down onto the seabed through a 7.2m x 7.2m moonpool or over the shipside.

In addition, both vessels will be prepared for two Remote Operated Vehicles (ROVs), which are deployed via Launch and Recovery Systems (LARS) in the ship’s side. The vessels will be built according to the latest Special Purpose Ship (SPS) regulations,and can accommodate up to 82 persons in high standard cabins.

CEO and Executive Director Roy Reite commented:

"We are honored to receive these contracts from our new customer in Dubai, and are pleased to welcome the company in to VARD’s client portfolio. We look forward to developing these new vessels closely with the Topaz team."