OCTOBER 17, 2013 — Two Ulstein PX 105 platform supply vessels (PSV) will be the first vessels built by Brazil's Oceana Offshore at its new shipyard, Oceana Estaleiros, which is under construction on a 310,000 sq.m lot in the city of Itajaí, Santa Catarina.

Oceana PX 105

The vessels are scheduled for delivery in April and May 2016, respectively and Oceana's contract with Ulstein includes an option for two additional vessels.

"Oceana Offshore decided to go for our proven PX105 design. Our contract with Oceana includes designs and an extended main equipment package, as well as engineering and purchase support," says Ulstein Design & Solutions Senior Business Advisor Erik Andreassen.

"We are very pleased to have Ulstein Design & Solutions as the designer of the first vessels to be built in our new shipyard in Itajai. Hopefully it will be a start of a long-lasting partnership between our companies," says Oceana Shipyard's CEO, Paul Kempers.

The vessels for Oceana are purposed for work in the Brazilian oil industry.

The PX105 design is a large platform supply vessel with accommodations for 23 people. The vessels will be 88.9 m long and 19 m wide. With a deadweight of 4,700 t they comply with Petrobras' PSV 4500 tender.

Ulstein says the vessels have a high operational window and can take on complex assignments far from shore. They come with the X-Bow hull line design feature, in which slamming and abrupt stops from waves are eliminated. The vessels are cost-effective and fuel-saving, and the crews get more efficient rest, which also increase safety.

Oceana Offshore was founded in 2011 by P2 Brasil with the goal of creating a family of synergistic companies within the logistics market for offshore exploration and production.

P2 Brasil is a joint venture between Promon S.A. and Pátria Investimentos, organized to invest in Brazil's infrastructure sector.

Last year the Brazilian development bank BNDES took a 25% stake, valued at around $55 million, in Oceana Offshore and the PSV's (including the two option vessels) are being built with around $206 million in support from Brazil's Merchant Marine Fund.

Oceana Shipyard