Title XI Funding
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Marine Log

April 30, 2007

Order for new generation pipelay vessel

The Larsen & Toubro/SapuraCrest Petroleum Bhd joint venture has ordered a new-generation heavy-lift/pipelay vessel designed by Sea of Solutions, part of the Offshore Ship Designers Group.

Sea of Solutions was responsible for both the concept design and basic design of the $138 million vessel, which will enter service in 2009.

The S2500 pipelay vessel will be built by ASL Marine, Singapore.

The S2500 design is a customized version of the Sea of Solutions' Seabarge 3000 design, featuring a more shipshape hull with bulbous bow. This increases transit speed and generates additional space for the mooring system without consequences for DP lay-out. The S2500 has a 10-point mooring system and can be upgraded to DP.

The design incorporates a center firing line with 6 single joint welding stations to optimize pipelaying operations.

The vessel is equipped with a 3,000 short ton single post crane.

For this project, Sea of Solutions teamed up with Deltamarin of Finland, one of its engineering partners.

Bob Rietveldt, commercial director of Sea of Solutions, says that "there haven't been any modern dedicated derrick/pipelay vessels built over the past 15 to 20 years. To our knowledge the S2500 is now the second newbuild, only preceded by the Sapura 3000 presently being built by the Sembawang/Huisman consortium, which is also based on our design."

"These new designs bring substantial innovations to speed operations and deliver cost savings to operators," notes Rietveldt, who expects more contracts will be signed this year for innovative offshore vessels based on Sea of Solutions designs.