[seadog] XOM Aframax Tanker contract

  • From: "Tom Blanchard" <tomblanchard@xxxxxxxxxxxxxxxx>
  • To: "SEADOG" <seadog@xxxxxxxxxxxxx>
  • Date: Thu, 19 Feb 2004 12:40:32 -0500

Well, at least somebody is going to build XOM tankers....

Posted 2/19/04 at 8:53:AM

Primorsk Shipping Corporation of Nakhodka (PRISCO) has awarded V.Ships a
contract for the full technical management of three ice-class tankers. These
vessels will be on long-term time charter to the Sakhalin-1 Consortium for
operations in Phase 1 of the Sakhalin-1 Project, operated by Exxon Neftegas
Limited, a subsidiary of ExxonMobil.
Following a call for tenders from Exxon Neftegas Limited in November 2002,
for a series of five new building ice-class shuttle tankers, V.Ships
Consulting was hired by PRISCO to assist them in it?s bid to build these
aframax size vessels. This assistance included development of the vessel
specifications and assistance in reviewing the shipyard offers. It is
understood that over 20 bidders were considered initially by Exxon Neftegas

In April 2003, PRISCO was confirmed as having won three of the five new
building charters, with Sovcomflot, the State-owned shipping company having
won the remaining two contracts.

Subsequently, V.Ships Consulting has been assisting both owners with
negotiations at the preferred shipyard, Hyundai Heavy Industries, and in
monitoring the ice trials of a scale model of the tanker at a special
facility in Hamburg. All five vessels, which are based on an ice performance
optimised 105,000 tonne deadweight HHI ?Aframax? design, with a number of
further special features to meet ExxonMobil?s exacting requirements,
especially the harsh climatic conditions of the region, are scheduled to be
operational by the season starting in the year 2006. V.Ships Consulting will
be undertaking drawing approvals for the vessel design, and will have a team
in the shipyard in Korea to undertake new building supervision alongside the
owners? technical teams. When delivered, V.Ships Asia, based in Singapore,
will provide technical management for the Prisco vessels. Martin Stafford,
Managing Director of V.Ships Consulting comments:? We are delighted to have
made a contribution across the board for this important owner. It
demonstrates the way in which a large marine services company, like V.Ships,
can support owners from project conception right through to operations.?
Editors note: - The Sakhalin-1 Project includes the Chayvo, Odoptu and
Arkutun Dagi fields, located off the northeast coast of the Sakhalin Island
in the Russian Far East. Total recoverable reserves from the Sakhalin-1
Project are quoted as being 2.3 billion barrels of oil and 485 billion cubic
metres of natural gas.

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