Aberdeen-based subsea installation contractor Bibby Offshore has announced a multi-million pound investment in marine assets for its core North Sea market.
From January 2012, the DP3 Diving Support Vessel, Toisa Polaris, is expected to come under the control of Bibby Offshore. The vessel will be taken on a 2-year time contract with options to extend. This also includes a pre-agreed purchase option as part of the deal with Toisa Ltd.
The investment will immediately create approximately 100 jobs offshore and a further 50 onshore positions during the first 6 months of operation said the company that undertakes subsea projects utilising owned and leased diving support vessels, also operating floating production and storage units.
The Toisa Polaris has been one of the North Sea’s premier Diving Support Vessels for a number of years and has a recognised track record since her delivery in 1999.
Bibby Offshore’s Chief Executive, Howard Woodcock, said: “The vessel’s track record and specification not only enhances our current fleet but also expands our offshore service capability. It further underlines our commitment to the North Sea offshore market, which we believe has a significant part to play in our company’s continued growth.”
Also, Bibby Offshore recently announced that it was to set up a Remotely Operated Vehicle’s division, Bibby Remote Intervention Limited, which would be responsible for ROV and survey operations across the vessel fleet including the DSV Toisa Polaris.
Offshore Energy Today Staff , November 24, 2011; Image: Bibby Offshore