New Wave Media

October 31, 2017

Siem LCV on Bareboat Charter to Swire Seabed

(Photo: Harald M. Valderhaug)

(Photo: Harald M. Valderhaug)

Subsea operations specialist Swire Seabed AS said it has signed a deal with Siem Offshore for up to three years bareboat charter of Siem’s light construction vessel (LCV), Siem Stingray. 

Siem Stingray, which will be renamed Seabed Stingray, is 120.9 meters in length with a deck space of 1,350 square meters and is equipped with a 250 metric ton offshore crane. She will also have two heavy duty work class remotely operated vehicles (ROV).
The contract will see Swire Seabed operate the vessel in the inspection, maintenance and repair (IMR), construction support and renewable sectors, with a particular focus on North European and West African markets, the company said.
Siem Stingray was formerly working in the GoM for Subsea 7, executing the BP IMR and light construction frame agreement. 
With Seabed Stingray joining the fleet in 2018 and the purchase of Seabed Constructor in early 2017, Swire Seabed has taken on two modern, high capacity LCVs to use as platforms for delivering complex subsea projects.
“While the market environment remains challenging, Swire Seabed continues to invest in new technology, assets and is increasing capacity in engineering, survey and project execution. This bareboat charter increases the scale and flexibility of Swire Seabed’s fleet, and expresses our confidence in the quality of our service portfolio and the resilience of our clients in the subsea industry,” said Arvid Pettersen, CEO of Swire Seabed. 
Swire Seabed’s other subsea vessels are Seabed Worker, Seabed Supporter and Seabed Constructor, each designed to perform a diverse range of light construction, IMR and survey work scopes in both the oil and gas and renewables sector. All vessels are equipped with heavy-duty work class ROVs and have a track record for executing deep water projects. All three vessels are contracted for work in survey and construction projects on a long-term basis. 
Swire Seabed also owns several mobile assets including two 3,000-meter rated mobile Kystdesign Supporter work class ROV systems, a 6,000-metre depth rated Argus Bathysaurus XL WROV, a Sperre Sub-fighter 15k Observation ROV and Seabed Excavator, a cutting-edge multipurpose subsea tool carrier and dredging vehicle.
Siem OffshoreSubsea 7Arvid Pettersen
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