Transocean and Eneti have shown a desire to jointly participate in cementing and offshore wind installation activities through a joint venture. The two companies signed a non-binding memorandum of understanding indicating their intention to form a joint venture.
Transocean said both companies have the right, but not the obligation, to invest in the joint venture along with other financial partners.
The joint venture will benefit from the best experience of both partners in their respective core businesses providing offshore services, Transocean said in its statement.
Transocean’s extensive experience operating a global fleet of offshore drilling rigs with dynamic positions to a diverse base of power-producing customers on long-term contracts will be combined with Eneti’s expertise, through Seajacks International , installing more than 500 wind turbine foundation components, the company said. in his statement. Eneti has also executed transport and installation contracts at wind farms such as Akita & Noshiro (Japan), Meerwind (Germany), Veja Mate (Germany) and Moray East (Scotland).
The formation of the joint venture is subject to the successful negotiation and execution of definitive agreements, the statement said. Transocean added that the parties expect that the definitive agreements would provide that the operations of the joint venture will initially be carried out by personnel from both Eneti and Transocean and that the joint venture, with technical assistance from the company’s partners jointly, would be responsible for the conversion. to two floating vessels suitable for this purpose in offshore wind foundation installation vessels.
The vessel upgrades would include a 5,200-ton crane and are expected to give them the ability to carry up to six 3,500-ton monopile foundations with a diameter of 12 meters (39.3 feet) and have other environmentally responsible operations and improve efficiency. features, Transocean said.
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