Siem Offshore Contractors awarded Contract for the Beatrice OWF

Siem Offshore Contractors GmbH (“SOC”), a wholly owned subsidiary of Siem Offshore Inc., announced today, that SOC has been awarded the contract for the turnkey supply and installation package of the inner array grid cable system for the 588 megawatt (MW) Beatrice Offshore Wind Farm (“OWF”) by SHL Offshore Contractors BV. The contract confirms the continued expansion into the Offshore Renewable Energy Market for the Siem Offshore group.

The project has been developed by Scottish and Southern Energy (“SSE”) (40%), Copenhagen Infrastructure Partners (“CIP”) (35%) and State Development & Investment Corporation (“SIDC”) Power (25%) and has already reached financial close status on 23. May 2016.

The Beatrice OWF is located off the North East coast of Scotland, and features 84 x 7 MW Siemens supplied Wind Turbine Generators which shall be inter-connected by an inner array grid of ninety-one 33 kV medium voltage alternating current submarine composite cables with a total length of up to 164 km.

SOC will be utilising vessels and resources within the Siem Offshore group, whereby the combined capabilities of Siem Offshore’s marine operations and the project management, engineering and installation experience of SOC will form a strong resource base to benefit the project.

In addition to the submarine cable installation works, SOC will also provide associated materials and services including the supply of the submarine composite cables, cable protection systems and related accessories as well as post-installation termination, trenching and testing services.

The offshore works for the IAG cable system are due to begin in 2017, whereby the project is scheduled to be completed before the end of Q3 2018.

For further information, please contact:

Regis Rougier
Managing Director
Siem Offshore Contractors GmbH
Phone +47 90 752 676

Idar Hillersøy
Chief Executive Officer
Siem Offshore Inc.
Phone +47 91 676 812
 

 

Published 29-06-2016 in the Investor category
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