Saipem Charters Norce Endeavour

Laxman Pai
Monday, December 23, 2019

Saipem Portugal Commercio Maritimo Limitada, the Portuguese subsidiary of the Italian oilfield services provider Saipem, has signed a deal with Solstad Offshore to hire DLB Norce Endeavour lay pipe barge, with an option to buy.

Under the agreement, the contract is expected to start January 2, 2020, and have a firm duration until May 31, 2021. Saipem will be able to extend the contract for a further five months.

As part of the bareboat Contract Saipem Portugal has the option, at its discretion and subject to, among others, Saipem  S.p.A.’s internal approvals, to purchase the DLB Norce Endeavour.

DLB Norce Endeavour is a 146 meters length lay barge vessel built-in 2010, equipped with the main crane of 1100 mt lift capacity, to be employed for pipelaying activities worldwide.

The commercial terms are confidential between the parties, said a press release.

Categories: Contract Pipelay Vessel Pipe Vessles Barge

Related Stories

Rem Offshore Places Order for Next-Gen Subsea Construction Vessel

Vestdavit Hits New Sales Record as Orders Increase 76% From Last Year

TotalEnergies Gets Share of Bayou Bend CCS Project in United States

Current News

Equinor Sets Up Union Partnership for New York’s First Offshore Wind Hub

SLB to Acquire Majority Ownership in Aker Carbon Capture

New England Offshore Wind Auction Draws Multiple Bidders

Bureau Veritas Issues World’s First Offshore Solar Prototype Certification to SolarDuck

Subscribe for OE Digital E‑News