June 21, 2010
Seajacks orders wind turbine installer at Lamprell
Great Yarmouth, England, based Seajacks International has entered into a contract with UAE based Lamprell Energy PLC to construct the Seajacks Zaratan ("Zaratan"). The self propelled jack-up is designed specifically to service the wind farm installation market in the harsh North Sea operating environment , as well as to provide services to the oil and gas sectors.
Lamprell says the jack-up will be built at its Hamriyah, Sharjah, facility and that the Engineering, Procurement & Construction contract is valued at $129 million.
The vessel is a modified version of the Gusto MSC NG5500 design. It incorporates a fully redundant DP2 propulsion system, a high speed jacking system, accommodations for 90 persons, and an 800 t leg-encircling crane designed by MSC.The propulsion system is designed to allow the vessel to sail at a speed of 9 knots. With a payload capacity of 2,850 t, it will be capable of installing wind turbines and foundations in water depths up to 55 meters.The contract also includes an option to build one additional vessel at the same price at Lamprell, that Seajacks hopes to exercise in the foreseeable future. Delivery of Zaratan is scheduled for the second quarter of 2012, and the additional newbuild shortly thereafter.
Seajacks currently owns and operates two self-propelled jack-up vessels out of Great Yarmouth, the Seajacks Kraken and Seajacks Leviathan. Both vessels are purpose built for installing offshore wind turbines, as well as being able to perform a number of niche operations for the North Sea oil and gas industry.
Seajacks was acquired this January by Riverstone Holdings LLC's most recent renewable energy fund, which acquired it in January 2010. Riverstone is an energy and power-focused private investment firm founded in 2000 with approximately $17 billion under management across six investment funds. Riverstone expects to devote additional capital from its renewable fund to expand Seajacks' current fleet.
Lamprell CEO Nigel McCue says the Seajacks contract comes after a Fred Olsen contract for two wind turbine installation vessels placed earlier this year and that it "reaffirms our belief that we are well positioned to be leaders in the provision of such liftboats, a market we believe will continue to expand rapidly as the offshore wind sector pursues its ambitious expansion plans."