Exxon Tries to Put the Worst Behind it With $20 Billion Writedown
By Jennifer Hiller HOUSTON, Nov 30 (Reuters) – Exxon Mobil Corp on Monday said it would write down the value of natural gas properties by $17 billion to $20 billion,...
Ulstein announced today that the Nantong Rainbow Offshore & Engineering Equipments Co., Ltd. (aka ROC yard) located in Jiangsu Province, China, has been awarded a contract to build two Ulstein PX121 X-BOW platform supply vessels for the Xiamen ITG Group. This is the first X-Bow newbuild contract ever awarded to the ROC Yard, and includes an option for two more vessels.
For ship investment firm and trading house ITG Group, these contracts mark their entry into the offshore market.
Ulstein Design & Solutions provides a comprehensive design & equipment package that includes basic and detail design, all major equipment, site support/construction consultancy and commissioning.
The ships have a length of 83.4 meters and a beam of 18 meters, and meet the requirements of DNV’s Clean Design notation. They have a load capacity of approximately 4,000 tons and a cargo deck of 840 square meters. Maximum speed is stipulated to 14.5 knots.
This version of the medium-sized PX121 platform accommodates a total of 30 persons. The vessels will be prepared for an ROV mezzanine deck and a subsea crane for future installation. They will be built in accordance to IMO’s SPS Code (Special Purpose Ships) for carrying specialised personnel, and will have OILREC class notation for oil recovery in emergency situations. The vessels are planned for the European market and are suitable for worldwide operation.
The vessels are planned for delivery in the first half of 2015.
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