Sevan Marine has informed that Teekay Offshore Partners LP has exercised the first of six options to build another Floating Accommodation Unit (FAU) based on the Sevan design.
The unit will be built at the Cosco Shipyard, Nantong. Scheduled for delivery in Q3 2016, the order expands the current building programme to three units.
Sevan CEO Carl Lieungh comments “Sevan’s cylindrical hull design is perceived to have several competitive advantages relative to competitors such as; lower cost, higher deck load capacity, better stability and more storage space. Teekay’s exercise of the first FAU option will also have a positive effect on our earnings”.
Sevan Marine ASA is specializing in design, engineering and project execution of floating units for offshore applications, based on its patented cylindrical floater technology.