Subsea 7 Order New Reeled Rigid Pipe Laying/Offshore Construction Vessel with IHC Holland Merwede

IHC Holland Merwede BV is proud to announce that its subsidiary Merwede Shipyard received the contract for the design and construction of a new Reeled Rigid Pipe laying / Offshore construction vessel for Subsea 7. The pipe laying equipment will be designed and built by Huisman Itrec. Merwede Shipyard was granted the order because of its ability to design and offer the vessel fully complying with the owner’s requirements, including the integration of the complete pipe laying spread and cranes, within the required short delivery time. Delivery of the vessel will take place in the second quarter of 2007.

SIEM, through its subsidiary Subsea 7, has announced that they have signed contracts for a new-build rigid pipelay and construction vessel. The overall project cost is in the USD 180-200 million range and is based on fixed prices from Merwede Shipyard and the pipelay equipment supplier.

The vessel will be built in accordance with the Rules and Regulations of Lloyd’s Register, to obtain the following notation:

Lloyd's Register of Shipping 100A1, UD strength for load of 10 t/m2, Heli Landing Area, LMC, UMS, DP(AA), CAC(3), EP, ICC and further to the regulations of the Isle of Man Authorities.