island venture

Gulf of Mexico Subsea Alliance to Utilize New ‘Island Venture’ OCV

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April 28, 2017

Photo: Ulstein

Halliburton (NYSE: HAL), Trendsetter Engineering and C-Innovations have announced formation of a strategic alliance which will utilize the new offshore construction vessel Island Venture to provide Gulf of Mexico (GOM) customers with technologically advanced, integrated offshore well intervention packages.

The companies say the alliance leverages each members’ strengths to create subsea solutions for hydraulic interventions. The combined packages will improve operator efficiency while addressing in-field production and subsea challenges.

“By working together, we are able to provide customers with cross-discipline accountability for seamless and reliable operations,” said Charles Kendrick, GOM region vice president for Halliburton. “This model reduces interface demand for customers while delivering safe, efficient and economical results.”

“Our combined approach has already resulted in successful campaigns that have reduced project costs, enabling operators to conduct more work and create value in a traditionally high-cost environment,” said Mario Lugo, chairman and CEO of Trendsetter. “To date, the alliance’s projects have included complex hydrate remediation, large acid stimulations, pipeline flushing, and inspection, maintenance and repair work in water depths up to 10,000 feet.”

“Our newest vessel, ISLAND VENTURE, is considered the most capable multi-purpose supply vessel in the region and perhaps the world,” said Dino Chouest, CEO of C-Innovation. “Outfitted with equipment from all three companies, the vessel meets most subsea work requirements. Our fleet offerings provide operators with fully compliant rig alternatives while overcoming existing intervention limits in the market.”

The Island Venture was delivered in January by Norwegian shipbuilding group, Ulstein. At 160 meters in length and a beam of 30 meters, the Island Venture is the largest offshore construction vessel ever built by the group. It is designed for operations such as IMR, ROV services, well intervention, and drilling. It comes equipped with 140 ton crane with 3,000 meters wire installed, as well as a 400 ton crane that can operate at up to 4,000 meters. The vessel also has three moon pools – two for ROVs and one construction moon pool of 12 x 11.2 meters, and can accommodate up to 200 people.

“This alliance builds on a track record of successful collaboration in the region, and is well positioned to meet growing GOM intervention market demands,” the companies said in a press release announcing the alliance.

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