Shandong places order for three decommissioning vessels


Shandong Twin Marine (SDTM), a subsidiary of Shandong Ocean Equipment, has ordered three decommissioning vessels from Chinese shipbuilder CIMC Raffles.

CIMC Raffles said the units would be used for the dismantling of fixed offshore platforms in the UK North Sea.

Shandong investment general manager, Fan Chenghai, and CIMC Raffles President, Wang Jianzhong, signed the contract on behalf of their respective companies.

The contract entails the construction of three DP3 semi-submersible vessels, two of which will be responsible for offshore platform decommissioning while the third will be used for the transport of dismantled parts.

According to the terms of the contract, CIMC is responsible for the design and construction of the vessels. Every semi-submersible hull will be 206.3 meters long, 42 meters wide and will be able to accommodate 200 people. The two dismantling vessels will be equipped with multiple heavy-duty cranes with a maximum lifting capacity of 34,000 tons which can be used on platforms of different sizes.

The company said that the global decommissioning market provides great opportunities in the Gulf of Mexico, the North Sea, Southeast Asia, Brazil, and other important offshore oilfield locations.

Shandong Twin Marine was established in August 2014, as a Joint Venture between Norway-based marine heavy lift contractor Twin Marine Heavylift AS and China’s Shandong Shipping Corporation of Qingdao.

At the time, the two companies said the JV would  own and operate the 34,000 tonne Twin Marine Lifter (TML) System, transportation vessels and associated equipment, for installation and removal of large offshore structures as well as offering other offshore construction services globally.

Decommissioning has recently become a new business opportunity for many companies since many offshore platforms are nearing end of life. Douglas-Westwood earlier this year said that 146 platforms could be removed during 2019-2026 in the UK alone.

Oil and Gas UK said in a report from earlier this week that the total amount forecast to be spent on decommissioning on the UK Continental Shelf (UKCS) between now and 2025 is £17.6 billion, up from £16.9 billion for 2015-2024, proving that there is a large market for companies which specialize in decommissioning.

Offshore Energy Today Staff

Share this article

Follow Offshore Energy Today

Events>

<< Sep 2019 >>
MTWTFSS
26 27 28 29 30 31 1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 1 2 3 4 5 6

Africa Oil & Power 2019

The Africa Oil & Power conference will bring together an elite class of ministers and senior-level government…

read more >

OWI LATAM 2019

Over the two-day conference, 25+ expert speakers will share exclusive insight on how to develop an integrity, production and P&A strategy…

read more >

Uganda International Oil and Gas Summit 2019

Uganda International Oil & Gas Summit will once again examine the industry’s developments…

read more >

Argentina Oil and Gas Expo 2019

The Argentine Oil and Gas Institute (IAPG) organizes the Argentina Oil & Gas Expo bringing together the most…

read more >

Jobs>

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply