Bharati Shipyard Limited signs contract with Great Offshore Ltd for US$64.80 million

Bharati Shipyard Limited, one of the leading Private Sector Shipyard, has signed a contract with Great Offshore Ltd for construction and supply of One Multipurpose Offshore Support Vessel. The contract value of the vessel is US$64.80 million (i.e.App. Rs.266.32 crore).

The vessel has a diesel electric propulsion system with 5 generators of a total power of 10500 KW (14000 HP). The vessel has all the equipment to support ROV/Diving/Sub sea operations. The power would be used to drive two Azimuth frequency controlled thrusters of 6600 KW and two retractable frequency controlled thrusters of 3000 KW.

The vessel also has dynamic positioning system and integrated power management system with full redundancy for DP2 operation.

The vessel is equipped with a very sophisticated electro hydraulic knuckle boom crane which is active heave compensated and is suitable for depths up to 3000 m and lifting capacity up to 150T.

Among other features, the vessel has a helipad and Anchor handling cum towing winch of 300T.

This is the first time that such a Sophisticated and technologically advanced Multipurpose Offshore Support Vessel is being made in India.

The above contract is in lieu of contract dated 24-3-2006 for One Multipurpose Offshore Support Vessel valued at US$17.44 million (i.e. App 77.51 crore) ordered by Great Offshore Ltd on BSL.

Great Offshore is India's prominent integrated offshore oilfield services provider offering a broad spectrum of services to upstream oil and gas producers to carry out offshore exploration and production (E&P) activities.

Source : Equity Bulls

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