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Otto Marine builds sophisticated Norshore Atlantic drilling vessel at Batam Yard

JAKARTA (Rambu Energy) – Otto Marine Limited, a Singapore based offshore marine company, said that it has completed the construction of a new vessel called Norshore Atlantic ats Batam Shipyard, Indonesia. It has held a vessel naming ceremony for vessel at the shipyard on Feb. 28, 2014.

“The completion of the Norshore Atlantic is a significant milestone for Otto Marine, and for the offshore support vessel industry in the Asia Pacific region. Through Norshore Atlantic and the recently delivered Go Phoenix, we have demonstrated that our yard is capable of constructing ultra-large, highly sophisticated vessels,” the company said.

It said the Norshore Atlantic is one the first of its kind to be successfully constructed by an Asian yard. The vessel is considered efficient and environmental friendly multi-purpose drilling vessel built to the MT6022XL Norwegian design.

The highly complex vessel classed by DNV is equipped with dynamic positioning 3 (DP3) capability and is primarily designed for riserless operation utilizing known and field proven technology.

Norshore Atlantic is equipped to perform riserless drilling operations, plugging and abandonment of old wells, well completion work, well intervention and subsea construction work. It has an ROV system installed onboard. It is also equipped with a 150T AHC, offshore cranes, and a drilling derrick.

“The Norshore Atlantic is suitable for work in both shallow and deep water, ranging from 70 to 3000 meters,” the company said.

The company said for its maiden project, the Norshore Atlantic is contracted in Asian waters. Subsequently, it will be engaged by an oil major on a three year program and is expected to work globally.

The company’s shipyard will support the growth of its chartering operations by constructing sophisticated offshore support vessels to join the Otto Marine fleet.

In addition, the Batam yard will also leverage on opportunities to construct newbuild vessels for the Indonesian cabotage market, at the same time expanding its ship repairs, conversion and fabrication business.

It said the learning curve in the construction of these complex vessels shall be put to good use as the Group embarks on an expansion plan for our chartering services.

“Our enhanced technical capability will also serve us well in securing third party contracts to construct offshore support vessels, particularly for the buoyant cabotage Indonesian market. The Group looks forward to more successful deliveries of ultra- large offshore support vessels in the near term,” it said.

Otto Marine owns, leases and operates 64 offshore vessels. It owns one of the largest shipyards in Batam, Indonesia – one of the most sophisticated yards in Asia Pacific. (*)

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