Vryhof businesses pick up $75 million worth of contracts

Illustration; Source: Vryhof

Vryhof’s three businesses – Deep Sea Mooring, Vryhof Anchors, and Moorlink – have won up to $75 million in new contracts.

Vryhof said on Tuesday that Deep Sea Mooring secured contracts with Saipem, Odfjell Drilling, and Noble Drilling for the supply of mooring-related services during 2019 offshore Indonesia, the North Sea, and Myanmar respectively as well as a large-scale contract offshore Australia.

Also, Vryhof Anchors was awarded an oil and gas contract in Malaysia with SOFEC and connector specialists Moorlink won several niche contracts in the renewables and oil and gas drilling sectors.

In the renewables sector, Vryhof Anchors won deals for work on the WindFloat Atlantic wind farm offshore Portugal, the world’s first commercial floating wind farm, and the Havfarm 1 offshore fish farm project in Norway which is one of the world’s largest floating structures.

Wolfgang Wandl, group CEO at Vryhof, said: “While the past few years have come with significant market challenges to the offshore sector, the relentless hard work, customer-focused approach of all our teams and businesses, and continued diversification into the renewables and aquaculture sectors have ensured that we start 2019 on a positive note.”

The Deep Sea Mooring (DSM) contracts and locations include pre-lay and rig move equipment and services to Saipem Indonesia to support Italian operator Eni’s development of the Merakes and Jankrik fields offshore Indonesia. A minimum of six wells were planned, with the potential for further add-ons.

A frame agreement with Odfjell Drilling will see DSM support drilling operations offshore Norway and the UK. DSM currently supplies pre-lay and rig move equipment and services to the Deepsea Atlantic and Deepsea Bergen semi-submersibles, with the potential for more rigs.

Noble Drilling contracted DSM for engineering and rig moving services offshore Myanmar where the Noble Clyde Boudreaux rig began a contract with PTTEP. Offshore Australia, DSM was contracted for the supply of two pre-lay, engineering, and rig move services for a minimum of two years.

Vryhof Anchors’ only oil and gas deal is for the supply of geotechnical expertise and drag embedment anchors to mooring specialists SOFEC for use offshore Malaysia.

Finally, Moorlink secured a renewables contract in Hawaii as well as contracts in the drilling sector.

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