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Semco opens new market

Semco opens new market
For years Semco Maritime has built up experience in the rebuild of rigs from the North Sea area, and in future the company intends to convert this knowledge to also rebuilding special vessels.

Semco Maritime opens new market.

For years Semco Maritime has built up experience in the rebuild of rigs from the North Sea area, and in future the company intends to convert this knowledge to also rebuilding special vessels. "We have taken a strategic decision to use our skills attained from rig rebuilds to move into the market for special vessels, which are also characterised by high technical complexity and for which we see a good market. We can thus obtain synergies by transferring knowledge and using our high technical competencies and our experience in project management", says Vice President Hans-Peter Jorgensen, Semco Maritime A/S.
In the coming months, the Norwegian vessel, Island Patriot, is to be rebuilt for more than DKK 50 million in the harbour of Esbjerg, so that it can be deployed in the stimulation of oil and gas wells in the North Sea. Experience and knowledge from rig rebuilds is transferred to special vessels.

The rebuild of Island Patriot to a so-called Well Stimulation Vessel will take place from 1 July 2010 and will at times employ more than 100 employees spread over several departments in the organisation. The project is conducted for the company StimWell who is to use the vessel for a contract for BP in the Norwegian sector.

The 86 m long vessel already has a fire extinguishing system, SemSafe and PA/GA delivered by Semco Maritime, and in the coming months the vessel shall be equipped with a stimulation package including four propane storage tanks for special sand, two acid tanks, mixing area, pump area and equipment for stimulation control room. All tanks are made by subcontractors while Semco Maritime is responsible for the mechanical and electrical installation of all equipment.

"Our strength lies in the fact that we have all our competencies at the premises: Engineering, design, construction at our own yard and many years of experience within installation of technical equipment, pumps, generators and control panels, just as we have great experience in electrical, instrumentation and telecommunication and will need all these disciplines in the project for StimWell", says Hans-Peter Jorgensen.

The contract with StimWell involves a plus 1-option where the price of rebuild of an additional special vessel within 12 months has been determined. Hans-Peter Jorgensen expects Semco Maritime to attract one or two vessels a year for projects in the harbour of Esbjerg.

Island Patriot will in future become a frequent guest in Esbjerg as Stimwell has chosen Esbjerg as a base port for the future operation in the North Sea.

www.turkishmaritime.com.tr

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