Norwegian offshore service vessel provider, Island Offshore, has announced that it has secured a long-term employment contract for the walk-to-work vessel Island Condor. The contract is set to start in Fall 2024 with a Norwegian customer following an extensive shipyard conversion to an offshore construction vessel.
The Managing Director of Island Offshore Management AS, Tommy Walaunet, said the contract “a fantastic Christmas gift for the company.”
“We have worked purposefully to secure longer assignments and are grateful for the trust the customer has shown us,” said Walaunet.
The Island Condor previously served as a walk-to-work vessel in the UK and has also been involved in Norwegian projects over the past year. It will now undergo modifications at the Myklebust Yard in Norway for conversion to an offshore construction vessel equipped with two remotely operated underwater vehicles (ROVs) with a hanger, an offshore crane, a helideck, and a larger battery pack. The ship’s midsection will also be extended, including interior fittings.
The modifications will allow the vessel to perform inspection work, crane operations, and similar tasks for the oil and gas and renewable sectors.
Delivery to the customer is expected September 2024.
“This is a major and demanding conversion for the Island Condor, and it is particularly pleasant using local forces and suppliers. We have a long and good cooperation with Myklebust Yard and other suppliers in the region, and it is easier for us to monitor progress when the ship is located so close to the office,” added Walaunet.
Island Offshore expects turnover of 2.3 billion Norwegian kroner (USD $2.3 billion) in 2023. The company’s total fleet utilization stands at approximately 93% so far this year. Currently, Island Offshore operates a fleet of 21 vessels, with most of them already secured with work contracts extending into 2024.
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