STX Finland Signs Contract With Eide Marine Services
STX Finland Oy and Eide Marine Semi AS, a subsidiary of Eide Marine Services A/S, have signed a contract for the outfitting, completion and delivery of two highly sophisticated well intervention vessels with an aggregate contract value exceeding EUR 300 million. The contract is subject to certain financing conditions. The vessels will be delivered from Rauma shipyard in March 2013 and June 2013. The work on the first hull will begin in April 2012 and on the second hull in June 2012.
The technically advanced well intervention vessels will have a length of 122 m and a width of 45 m. The 31,000DWT vessels are designed to operate in rough open sea conditions on Brazilian continental shelf. Vessels have innovative hull-forms securing high sea-keeping characteristics together with DP3 dynamic positioning system and thruster arrangement. Large deck area provides opportunity to arrange all well serving equipment in most efficient way.
Competitive
The project will create a high outfitting work load for STX Finland and its network. The contract shows STX Finland’s ability to provide competitive services and win significant contracts in this highly sophisticated and demanding offshore business segment. The contract is also an important part of STX Finland’s diversification strategy, in which the company is continuing to expand its operations into new business areas such as offshore business segment.
Strategic
“The outfitting contract for Eide Marine Services is a very important project for STX Finland. It shows that our strategic plan to expand our product and services portfolio, and to improve our global competitiveness and presence, has been successful”, says Timo Suistio, COO of STX Finland. “The project is very challenging both in terms of amount of outfitting work and the management of several global networking entities.”