Fairstar Heavy Transport N.V.'s FJELL awarded new contract and FJORD arrives in Korea for Gorgo

Fairstar Heavy Transport N.V.'s FJELL awarded new contract and FJORD arrives in Korea for Gorgon preparations

ID: 129760

(Thomson Reuters ONE) -


Fairstar Heavy Transport N.V. (FAIR) has signed a contract with Aveon Offshore
Limited to provide marine transportation services for the Chevron OAGM project
in Nigeria. The FJELL will transport two power barges from the Bonny River in
Nigeria to the Escravos Area. The contract value is USD 1.2 million and the
total operation is expected to require about 12 days.

The FJELL is currently en route to Angola with the Hercules 185 and will proceed
to Port Harcourt immediately after discharging the rig in Luanda at the end of
April. The FJORD has arrived in Okpo, South Korea today and will discharge the
CLOV FPSO components on board at the DSME yard. FJORD will then enter a dry dock
facility nearby and prepare its wetsides, topsides and ballast tanks for
Australian Quarantine compliance. FJORD will go on contract for the Gorgon LNG
Project in May.

Willem Out, Chief Operating Officer at Fairstar, highlighted the importance of
these fleet developments, saying "The FJELL will be demonstrating its special
qualities to return these power barges into service at Escravos. The shallow
draft of the vessel and its very strong deck and frame give FJELL performance
features critical for the safe and reliable execution of this transportation.
These concrete power barges had been previously transported by Fairstar last
year with the FJORD. FJORD arrived at the DSME yard in Okpo today after a safe
voyage from Angola. Once the FPSO components on board her deck have been lifted
off, the FJORD will get ready for Gorgon. FJORD has been selected to transport
the first modules to Barrow Island for Gorgon in May."

For further information please contact:
Philip Adkins, CEO (philip.adkins(at)fairstar.com)
Ingmar den Blanken, Treasurer (ingmar.den.blanken(at)fairstar.com)
Web: www.fairstar.com




Tel: +31 (0)10-403 5333

*****

Profile Fairstar Heavy Transport:

Fairstar Heavy Transport N.V. is a leading provider of marine heavy transport
solutions, specializing in high-value cargoes for the offshore and onshore
energy and construction industries. Fairstar owns and operates two of the most
modern semi-submersible heavy transport ships in the global fleet, FJORD and
FJELL. The 50,000DWT, open-stern semi-submersible vessels FORTE and FINESSE are
currently under construction with Guangzhou Shipbuilding International in China
and will be owned and operated by Fairstar when they are delivered in May and
October of 2012 respectively. Fairstar is based in Rotterdam and quoted on the
Oslo Stock Exchange (ticker: FAIR).



Press release (PDF) :
http://hugin.info/143837/R/1598233/503901.pdf



This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.

Source: Fairstar Heavy Transport NV via Thomson Reuters ONE
[HUG#1598233]


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Bereitgestellt von Benutzer: hugin
Datum: 29.03.2012 - 09:47 Uhr
Sprache: Deutsch
News-ID 129760
Anzahl Zeichen: 3486

contact information:
Town:

ROTTERDAM



Kategorie:

Business News



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