Published 2018-05-01 00:00:00
VARD secures contract with Prysmian Group
VARD secures contract for one cable laying vessel for Prysmian Group

VARD announced on the 29th of April that teey hade been selected by Prysmian Group for the design and construction of one cable laying vessel. The contract value, including owner supplied special equipment, amounts to approximately € 170 million (approximately NOK 1.6 billion).

The specialized vessel for advanced subsea operations, is intended to be the most capable cable layer in its market, featuring deep water installation capabilities for depths of more than 2,000 meters and high cable loading capacity in large cable rotating platforms. The cable layer is developed to perform complex installation operations, supported by a variety of burial systems, including heavy duty ploughs, and state-of-the-art positioning and seakeeping systems, coupled with a reduced environmental footprint. With a length of 172 meters, and a beam of 34 meters, the vessel will be able to accommodate a crew of 120 persons.

Mr. Roy Reite, CEO and Executive Director of VARD, commented: “It is an honor to welcome Prysmian Group to VARD. Our broad experience in the design and construction of several cable layers and other specialized vessels over the years, combined with Prysmian’s know-how and established experience in advanced submarine cable operations, have been of high value in the development process. We look forward to building this cutting-edge cable layer in close cooperation with our new customer.”

The cable layer is designed by Vard Design in Ålesund, Norway. VARD and Prysmian are currently completing the vessel’s design and according to contract activation scheme the commencement of construction phase is foreseen by end 2018. The vessel is scheduled for delivery from Vard Brattvaag in Norway, in 4Q 2020. The hull will be built at Vard Tulcea in Romania. Several of the Group’s specialized subsidiaries are also involved in the project through deliveries of equipment and solutions.

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