Oceanteam said Feb. 9 that CSV Southern Ocean has secured a new contract and will start operations by mid-February 2018 for a firm period of 30 days and options to extend with 60 days.
The construction support vessel has been assigned to multiple smaller projects within the APAC region.
The contract is the result of the initiated worldwide re-marketing and re-deployment initiative for the CSV Southern Ocean complete with already mobilized survey and multiple ROV spread.
The CSV Southern Ocean is a DP2 construction support vessel (dynamic positioning class 2) with large cranes (1 x 250 and 1 x 100 tonnes fully heave compensated), 2400 m2 deck space, 10 tonnes DWT, extensive accommodation and excellent seafaring capabilities.
These characteristics enable Southern Ocean to be utilized for field support, construction, installation and IRM. CSV Southern Ocean can carry 7 tonnes load on deck, combined with in house carousel, reel and engineering capabilities, the vessel can be utilized for a flex lay project in the oil and gas, power and offshore renewables markets.
CSV Southern Ocean is owned by a joint venture between Bourbon Offshore Norway and Oceanteam.
Recommended Reading
Devon, BPX to End Legacy Eagle Ford JV After 15 Years
2025-02-18 - The move to dissolve the Devon-BPX joint venture ends a 15-year drilling partnership originally structured by Petrohawk and GeoSouthern, early trailblazers in the Eagle Ford Shale.
PE Firm Voyager to Merge Haynesville OFS Firm with Permian’s Tejas
2025-03-17 - Private equity firm Voyager Interests’ Haynesville Shale portfolio company VooDoo Energy Services will merge with Tejas Completion Services as part of a transaction backing Tejas, Voyager said.
E&Ps Pivot from the Pricey Permian
2025-02-01 - SM Energy, Ovintiv and Devon Energy were rumored to be hunting for Permian M&A—but they ultimately inked deals in cheaper basins. Experts say it’s a trend to watch as producers shrug off high Permian prices for runway in the Williston, Eagle Ford, the Uinta and the Montney.
Sitio Fights for its Place Atop the M&R Sector
2025-04-02 - The minerals and royalties space is primed for massive growth and consolidation with Sitio aiming for the front of the pack.
Ring May Drill—or Sell—Barnett, Devonian Assets in Eastern Permian
2025-03-07 - Ring Energy could look to drill—or sell—Barnett and Devonian horizontal locations on the eastern side of the Permian’s Central Basin Platform. Major E&Ps are testing and tinkering on Barnett well designs nearby.