Singapore-based offshore service provider Vallianz Holdings has entered into a strategic partnership with Calm Oceans, which has awarded Vallianz a contract to build Calm Oceans’ first mono-column platform (MCP), a unique offshore mobile platform.
Headquartered in Singapore, Calm Oceans is a global offshore oil and gas company that provides innovative design and engineering services for offshore self-installing jackups and storage systems.
According to the company, the MCP is a multi-purpose and high payload jackup rig designed to address the challenges relating to marginal fields and early monetisation of oil fields. Unlike traditional jackups, the MCP-Lite does not require pre-loading, which is said to result in more efficient operation and reduced risk during installation and jacking operations.
The construction will be carried out at the Vallianz’ shipyard in Batam, Indonesia and is expected to be completed in nine months. Delivery is scheduled in the first quarter of 2020.
“We are honoured that Calm Oceans has selected Vallianz as its strategic partner to work on its MCP-Lite, which will be the first of its kind in the offshore oil and gas industry. Besides requiring a substantially lower capital investment, the MCP-Lite also offers the end-user with a host of cost and operational advantages as compared to conventional jack-up rigs,” said Darren Yeo, executive vice chairman of Vallianz.