Vard delivers ‘Normand Vision’

Solstad Offshore ASA yesterday took delivery of “Normand Vision” Construction Support Vessel from Vard Group AS, Søviknes.

The vessel started directly on a 8 year firm chart with Ocean Installer AS with additional 2 yearly options.

“Normand Vision” is a large, sophisticated subsea vessel with a length of 157 meters.

It has a 400 ton subsea crane, a 3000 ton under-deck carousel and a 150 ton VLS (Vertical Lay System).

The overall cost for the vessel is approximately USD 250 million, including the VLS.

A long-term facility of USD 187,5 million has been drawn from Eksportkreditt Norge AS, guaranteed by SpareBank 1 SR-Bank ASA and GIEK.

July 02, 2014

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