World's scope of work includes production engineering, construction, mechanical completion, pre-commissioning, commissioning assistance, load-out, sea fastening and HVAC (EPC) Engineering Procurement Construction Commissioning for the Topside.
Rado Antolovic, CEO and Managing Director of DP World Maritime Services Division said, "The role of renewables is continuing to gain prominence in the global energy market, and Drydocks
World is well-versed in the evolving technologies of the offshore industry to develop this segment."
He said that if the company is able to implement this plan, the level of activity in the drydock
will increase by about ten times, which could create 9,000 direct jobs and other 9,000 indirect jobs, as well as increasing the level of economic activity of the drydock
to about US$500mn per year.
Plans to Expand Activities to Contribute to National
This is the third turret that SBM Offshore has awarded to Drydocks
Building on Drydocks
World's excellent track record of 32 conversions and six turrets, the yard will now undertake a repair, life extension and upgrade project on Floating Production Storage & Offloading (FPSO) vessel Aoka Mizu, which will be deployed in the Lancaster Field West of the Shetlands after completion.
The agreement was signed by Saeed Mohammed Al Tayer, chairman of Etihad Esco, and Abdulrahman Al Saleh, chairman of Drydocks
World, a provider of maritime and offshore services to the shipping, oil, gas and energy sectors, serviced a record 40 vessels in the Dubai yard.
It added that several studies were done at the start of the project to understand the technology and its implications in Drydocks
“Nu Flow gives us an innovative tool to provide solutions to the industry with minimum disturbance,” said Ali Bin Towaih, Vice President Business Development and Commercial, Drydocks
World, the Dubai-based group which has undergone a multi-billion-dollar debt restructuring, said it had been commissioned to construct the largest rig ever built for the North Sea in a deal worth $730 million.
World signs Agreement with Drill One Capital
World has revealed it has held further talks with its partners in the project and has released a new image of the development, which it calls the Water Discus Hotel.
Zawya Dow Jones/Dubai UK lender HSBC Holdings has stepped down as chair of the committee that is overseeing the $2.2bn restructuring of Drydocks
World, a move that may complicate the implementation of the ship-building and repair company's debt plan, two people familiar with the matter said.