DeepOcean charters converted offshore support vessel

DeepOcean enters into a long-time charter agreement for the Island Condor – to be re-named Island Ocean multi-purpose support vessel (MPSV) – following conversion and upgrade.

The vessel will be converted from a 2014-built vessel to a modern construction support vessel equipped with a 150 Te crane which will provide subsea inspection, maintenance, and repair (IMR), light construction and recycling services to DeepOcean’s customers in the offshore renewables and oil and gas industries.

As part of the conversion process, the vessel will undergo an extension of approximately 11meters. Additionally, dual ROV hangars will be installed, the super structure will be extended, the DP system will be upgraded, and a large battery pack will be installed. An active front-end system will also be implemented, enabling the transfer of redundant energy to the battery pack. Furthermore, a state-of-the-art launch and recovery system for the ROVs will be installed.

“Re-use of existing tonnage is more environmentally friendly than building a new vessel, and adding battery power is an efficient way of reducing CO2-emissions and operating costs. We are dedicated to reducing our environmental footprint from offshore operations and choose to collaborate with shipowners who can support this effort,” says Øyvind Mikaelsen, CEO of DeepOcean.

DeepOcean charters the vessel from Ulsteinvik-based shipowner Island Offshore. The long-term charter contract will commence in the third quarter of 2024.  The Island Ocean will be equipped with 2 Schilling HD x WROV systems for 3,000 metres water depth from DeepOcean’s fleet, together with DeepOcean’s dedicated infrastructure.

“Our forte is subsea services. Specialist subsea engineering competence and tools coupled with cost-effective work platforms, such as this MPSV, are enablers to conduct the subsea work and create value for operators of offshore energy infrastructure. We are experiencing increased demand for our services, which is why we are adding to our fleet of chartered vessels,” adds Øyvind Mikaelsen.

(ENDS)

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For further media information, please contact:

Robert Kyei

M&A and Corporate Development| DeepOcean

M | +31643466722

E | communications@deepoceangroup.com

About DeepOcean

DeepOcean is a world-leading ocean services provider, enabling energy transition and sustainable use of ocean resources, offering survey, engineering, project management, installation, maintenance, and recycling services for oil and gas, offshore renewables, deep sea minerals, and other ocean services.  

Across the global offices, DeepOcean is a trusted independent solutions provider with highly skilled industry experts, using world-class fit-for-purpose tools and technology to drive cost-efficient and safe operations. The company delivers innovative engineering solutions focusing on remote and unmanned operations and digitally-enabled services while continuously striving to lower the carbon footprint.

DeepOcean is owned by Triton, a leading European mid-market sector-specialist investor. As an active owner, Triton supports its portfolio companies to reach their full potential and works closely with DeepOcean to drive value creation. Founded in 1997, Triton invests in businesses that provide important goods and services in the Business Services, Industrial Tech, Healthcare, and Consumer sectors.