Floatel on a roll with another contract win

Offshore accommodation rig provider Floatel International has been awarded another contract for one of its units, making it the third one in about a week.

Floatel said on Tuesday it has been awarded a contract in the Asia Pacific by an undisclosed client for Floatel Triumph to provide accommodation and related services.

Floatel Triumph has been nominated for the assignment. The charter will start in the second half of 2022 and will last three to four months.

Just last week, Floatel and its Triumph unit were awarded a contract by Shell for operations in the Philippines. The three-month charter will start on site on 1 September 2021.

The unit will provide accommodation and catering services for the additional offshore crew that will be supporting the scheduled turnaround of the Malampaya shallow-water platform located in the West Philippine Sea.

Furthermore, the company has recently been awarded a contract for the Greater Changhua 1 & 2a project, its first in the offshore wind sector.

Under the contract, Floatel Triumph will provide an accommodation vessel to support construction activities on Ørsted’s offshore wind farm in Taiwan.

Floatel Triumph is a semi-submersible accommodation and construction support vessel designed for worldwide operation with emphasis on some of the harshest environmental conditions in the world, such as the Northern North Sea. It was built by KeppelFELS Shipyard and delivered in September 2016.

The vessel is equipped with the latest Kongsberg Dynamic Positioning System, certified to DP3 class and accommodates 500 people.

It is also worth reminding that the company earlier this year completed its comprehensive balance sheet restructuring, reducing its debt by $610 million. The company also enhanced its liquidity position by securing a new $100 million revolving credit facility.