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September 26, 2016

Blue Water Shipping wins two module carrying vessels contract from Tengizchevroil

Kazakhstan-based Tengizchevroil (TCO) has placed a new order, valued at $40m, for two module carrying vessels (MVC) with Blue Water Shipping.

Kazakhstan-based Tengizchevroil (TCO) has placed a new order, valued at $40m, for two module carrying vessels (MVC) with Blue Water Shipping.

To be built as part of the TCO FGP project, the newly ordered MVC vessels will feature a Vard 921 design and will measure 123m by 16.5m.

Deliveries of the vessels is scheduled by the second quarter of 2018.

"TCO will use the 17 MVCs to transport modules weighing up to 1,800t from the Baltic Sea and Black Sea via the Russian Inland waterways to Prorva."

During the early part of this year, a consortium of Blue Water Shipping and Topaz Marine and Energy won another contract, valued at $350m, related to the TCO FGP project.

As part of the deal, the consortium will provide 15 specially designed MCVs to transport modules through the Russian river systems, to a new offloading facility in Prorva, Kazakhstan.

TCO will use the 17 MVCs, including the newly ordered ones, to transport modules weighing up to 1,800t from the Baltic Sea and Black Sea via the Russian Inland waterways to Prorva.

Last month, the Blue Water consortium won a $154m contract from TCO for three larger MVCs, which will be used to transport modules from Kuryk, located in the western part of Kazakhstan, to Prorva.

With the deal, Tengizchevroil aims to expand the Tengiz oil field in Western Kazakhstan.

Currently, Tengizchevroil along with industry partners is involved in the exploration, development, production and marketing of crude oil, liquefied petroleum gas (LPG), dry gas, and sulfur.


Image: Blue Water Shipping to provide two new MVCs to Tengizchevroil. Photo: courtesy of Blue Water Shipping A/S.

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