MEO completes strategic vessel acquisition of Windermere

By 17 November, 2014Announcements

Windermere acquisition : Miclyn Express Offshore (MEO) a leading provider of Offshore Support Vessels and project transportation solutions to the offshore oil and gas industry today announced the acquisition of a significant addition to its fleet – DP2 Subsea Operations Vessel Windermere.

Windermere is designed for wellhead servicing, inspection and construction diving, and remotely operated vehicle (ROV) support.

“This acquisition is a game-changing milestone in the evolution of our global business,” said Mr. Diederik de Boer, CEO of the Miclyn Group. “Our ongoing fleet expansion programme remains a strategic priority for us as we enhance our service offering to clients across expanding geographies.  Windermere enables MEO to offer a wider range of value-added services, thus reinforcing our commitment to the needs of our clients across expanding geographies and demonstrating our consistent industry leadership position.”

Windermere boasts its own moonpool, a 15-man saturation diving system plus an air diving system.  She also has an active heave-compensated 50 MT SWL knuckle-boom subsea crane to provide true operating capability down to 1,500 metres in water depth.  The vessel accommodates up to 120 personnel with onboard facilities including a 700 square metre deck, plus an elevated helipad at the bow.

Effective immediately Windermere will be chartered for a period of 5 years to a reputed subsea services provider in South East Asia.

MEO recently announced that in spite of recent oil price volatility it had lifted its forward orderbook to approximately US$800mn, an all-time high for the company. This growth is expected to increase as the company continues to execute its business strategy and seeks opportunities to invest in new assets backed by long term contracts with core customers.

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