Date: 30-04-2007
Bharati Shipyard Limited, one of the leading Private Sector Shipyard, has signed a contract with GREAT OFFSHORE LTD for construction and supply of One Multipurpose Offshore Support Vessel. The Contract value of the vessel is US $64.80 million (i.e. App. Rs. 266.32 crore).The vessel has a diesel electric propulsion system with 5 generators of a total power of 10500 KW (14000HP). The vessel has all the equipment to support ROV/Diving/Sub sea operations. The power would be used to drive two Azimuth frequency controlled thrusters of 6600 KW and two retractable frequency controlled thrusters of 3000 KW.
The vessel also has dynamic positioning system and integrated power management system with full redundancy for DP2 operation.
The vessel is equipped with a very sophisticated electro hydraulic knuckle
boom crane which is active heave compensated and is suitable for depths up to 3000 m and lifting capacity up to 150T.
Among other features, the vessel has a helipad and Anchor handling cum towing winch of 300T.
This is the first time that such a Sophisticated and technologically advanced Multipurpose Offshore Support Vessel is being made in India.
The above contract is in lieu of contract dated 24-3-2006 for One Multipurpose Offshore Support Vessel valued at US$ 17.44 million (i.e. App. Rs.77.51 crore) ordered by Great Offshore Limited on BSL.
Great offshore is India's prominent integrated offshore oilfield services provider offering a broad spectrum of services to upstream oil and gas producers to carry out offshore exploration and production (E&P) activities.
It owns a fleet of thirty-six offshore assets, which include twenty-two offshore support vessels, eleven harbour tugs, two drilling rigs and one construction barge. It operates in four major business areas: Offshore Drilling Services, Offshore Logistics Support Services, Marine Construction Project Services and Port and Terminal Support Services.• Bharati Shipyard forays into South America
* First Indian company to receive shipbuilding order from a South American group.
Mumbai, April 23, 2007: Bharati Shipyard Limited, one of the leading Private Sector Shipyard, has signed a contract with UP OFFSHORE (BAHAMAS) LTD, for construction and supply of two Platform Supply Vessels.
The Contract value of these two vessels is US $43.30 million (approximately Rs 180 crores).
It is the first time in the history of Indian shipbuilding industry that an INDIAN COMPANY has received a shipbuilding contract from a SOUTH AMERICAN COUNTRY.
Mr P C Kapoor, Managing Director, BSL said: “We are extremely proud to announce that Bharati Shipyard is the first Indian shipbuilding company to have bagged this order. The UP Offshore prestigious order reinforces BSL’s premier ranking amongst the leading shipbuilding company across the world in the offshore segment.”
A Platform Supply Vessel (PSV) is a ship specially designed to support offshore oil platforms. The primary function of these ships is to service the offshore oil platforms including supply of Drilling mud, pulverized cement, diesel fuel, portable and non-portable water and chemicals used in the drilling process.
UP Offshore (Bahamas) Ltd., a subsidiary of Ultrapetrol (Bahamas) Ltd., is engaged in construction and operation of Platform Supply Vessels that provide services to offshore petroleum exploration and production companies primarily in the North Sea and Brazil.
Ultrapetrol group operates in four business segments with a total fleet of 568 vessels consisting of Offshore Supply Vessels, Ocean Fleet (including Suezmax OBOs), River Fleet and Passenger Fleet.
About Bharati Shipyard Limited
Bharati shipyard Limited, the leading private sector shipyard in India was established in the year 1976, promoted by Mr. P. C. Kapoor and Mr. Vijay Kumar, Naval Architects from IIT Kharagpur.
Bharati Shipyard currently owns two shipyards, which are strategically located at Ghodbunder – Thane and Ratnagiri. A subsidiary of the group, Pinky Shipyard Ltd. owns a shipyard at Goa. The company is in the process of building a green field shipyard at Mangalore with capacity nearly four times higher than the existing yards.
The company is presently manufacturing various kinds of ships, including offshore support vessels required for oil exploration industry, state-of-art dredgers, and technological marvel of the highly maneuverable and power-packed Ocean Going Tractor Tugs, Cargo/Container Ships, Tankers, etc. After planned expansion, the company will be able to increase the capacity and the range of ships that can be manufactured, which will help the company reduce dependence on any one sector.