Saipem says the productivity of its new flagship pipelay vessel Castorone will be below expectations in 2013.
Offshore staff
SAN DONATO MILANESE, Italy – Saipem says the productivity of its new flagship pipelay vessel Castorone will be below expectations in 2013.
This follows longer-than-anticipated sea trials which overran by a fortnight, and resolution of technical issues that came to light during the trials.
In addition, a project related to construction of a new vessel, which was due to be delivered this month to the client, has incurred additional costs. One reason is the extra work required as a result of faulty equipment delivered to Saipem, which has had to be returned to suppliers for replacement.
