Island Offshore Vessels Secure Work from Shell

Island Constructor. Photo: Island Offshore
Island Constructor. Photo: Island Offshore

Two less offshore vessels looking for work today as Island Offshore announces charter contracts for the company’s vessels Island Valiant and Island Constructor.

The contracts were awarded by A/S Norske Shell for work at the Draugen oilfield in the Norwegian North Sea.

According to a statement from Island Offshore, the AHTS Island Valiant will start with IMR-work (Inspection, Maintenance and Repair) on three wells in April, preparing the wells for work to be performed by the Island Constructor, a light well intervention vessel, later in summer 2016. The Island Valiant work is expected to take about two weeks, the company said.

The Island Constructor has actually been assigned three jobs with the earlier starting in the early summer with Light Well Intervention (LWI) and scale squeeze on two wells at Draugen. In August to September, the vessel will return for two more jobs involving LWI and IMR work, according to the company.

Island Offshore said that in total the contracts are worth about NOK 100 million ($12 million).

“These contracts are very welcome after a challenging winter with our LWI vessels being laid up for the season. It is very gratifying to see our crews and our vessels mobilizing and returning back to work after the winter,” says Managing Director in Island Offshore, Håvard Ulstein.

In addition to Island Constructor, Island Offshore’s other two LWI vessels, Island Wellserver and Island Frontier, are now back in operation after starting contracts with Statoil on April 1. The contract secures Island Wellserver and Island Frontier 200 days each yearly until 2020, the company said.

Last month however, Island Offshore was forced to lay up two two platform supply vessels, Island Dragon and Island Duchess, pushing the total number of offshore vessel layups in the North Sea to 100 vessels.