Olympic Subsea Bags New Vessel Work

Olympic Subsea has received new contracts for three of its vessels to work in oil & gas and renewables sectors.

Olympic entered into an agreement for the multifunctional subsea vessel ‘Olympic Triton’ for a period of 12 months with further options.

The contract will be performed in West Africa for an international oil company with start up in Q2 2019.

Olympic Triton is equipped with gangway system, in addition to large deck area and very large cargo capabilities for most operations.

In addition, ‘Olympic Artemis’ and ‘Olympic Intervention IV’ have each been awarded a 2 months contract with further options within the renewable market.

Olympic Artemis is an Inspection, Maintenance and Repair vessel equipped with a 60t AHC crane, helideck and accommodation for 68 persons.

Olympic Intervention IV is a multifunctional subsea vessel equipped with diesel-electric machinery which ensures low noise levels and low fuel consumption.

For the 2019 season, Olympic Subsea’s revenues within the renewable market will represent a larger share than the revenues from oil & gas, the company said.