MDL Energy to Invest into New Line of OSVs

New Delhi-based offshore services provider MDL Energy plans to invest in a new series of offshore support vessels based on its proprietary new design – V 4910.

The new OSV will be equipped with a heave compensated offshore crane, and is designed to serve both the Oil&Gas inspection, maintenance, and repair (IMR) market including walk to work, diving and ROV operations; as well as installation and servicing of renewable energy facilities such as wind farms, tidal energy installations and other offshore energy applications.

The vessel will be powered by a Diesel Electric Dual fuel engine, coupled with battery power and an energy management system, which is expected to cut fuel costs by up to 25%.

This is MDL Energy’s second new build program, after the recent 4830 series, currently being built in Vietnam at Triyards.

MDL Energy will invest into the new series of OVS through its Singapore-based subsidiary, WaterBridge Ventures.

The company will be tendering shortly for a suitable yard and equipment package to meet its specifications. The delivery for the first vessel from this program is expected to be in early 2018.

WaterBridge Ventures will be seeking partnerships with operators as well as asset owners to deploy the vessels on a long term contract basis.