Subsea 7 has finalised the acquisition of Toisa Pegasus, a multi-purpose offshore construction and dive support vessel. The 2009-built vessel is to be renamed Seven Pegasus and will primarily support Subsea 7’s operations in the North Sea and Asia Pacific.
John Evans, Chief Operating Officer said: “This acquisition reinforces our leading diving capabilities and reflects our strategy to actively manage our fleet composition to meet our client’s requirements and market conditions.”
The versatile vessel can perform both heavy and light construction work scopes. Designed and built by IHC, this highly capable DP3 vessel features a twin-bell 18-person saturation diving system and benefits from a 400T crane enabling it to support a range of construction projects. Additionally, its large and flexible 1200 m2 back deck provides further scope for a variety of applications.
The vessel will undergo a docking and crew familiarisation programme before commencing operations in quarter two 2019.
Read the article online at: https://www.oilfieldtechnology.com/offshore-and-subsea/16012019/subsea-7-acquires-multi-purpose-offshore-construction-and-dive-support-vessel/
Analysis of the logs, use of offset comparison data and cut-offs, in conjunction with advanced wireline tools has indicated an increase in net pay of 17 m, which brings the total net pay to 58 m using the cutoffs from the nearby Waitsia field.