Petrofac transferring deepwater vessel project to ZPMC
April 24, 2018
Petrofac International (UAE) has agreed to sell the JSD6000 project to Shanghai Zhenhua Heavy Industries Co. Ltd.
Offshore staff
LONDON – Petrofac International (UAE) has agreed to sell the JSD6000 project to Shanghai Zhenhua Heavy Industries Co. Ltd. (ZPMC).
The transaction comprises all JSD6000-related assets held byPetrofac, including the owner furnished equipment, for $190 million plus a 10% stake in a new special purpose vehicle set up to own the construction vessel once commissioned.
Petrofac will provide technical support for the construction, expected to finish in 2022, but not to the associated costs (commissioning, testing).
Ulstein Design & Solutions designed the dynamically-positioned vessel to perform J-lay, S-lay and heavy-lifts for deepwater and shallow-water EPCI projects.
