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Vard bags Farstad subsea construction vessel order

Vard bags Farstad subsea construction vessel order
Vard has secured an order for an Offshore Subsea Construction Vessel (OSCV) for Farstad Shipping for an undisclosed amount.

Technip and Farstad cooperated on the design of the vessel at Vard Design in Ålesund, Norway. Once delivered, the vessel will fulfil a five-year framework agreement between Technip Norge and Farstad for ROV support, light construction work, inspection, maintenance and repair and other subsea activities.

The VARD 3 17 design ship will have a total length of 98 m and a beam of 21.5 m, with a layout to accommodate two ROVs and a150 ton active heave compensated crane.

The ship is expected to be delivered from Vard's Vung Tau yard in Vietnam in Q4 2016.


VARD ceo and executive director Roy Reite commented: "We appreciate the long-term relationship we have with Farstad, and this cooperation has once again resulted in a new and innovative project. We would like to congratulate the Farstad team for the five year agreement for this vessel with Technip.”