Royal IHC to build reel-lay vessel for Subsea 7

Royal IHC signed a letter of intent with Subsea 7 to construct a new reel-lay vessel and associated pipe lay equipment. The construction cost is expected to be below USD 300 million, with delivery scheduled for early 2020.

“When delivered, the vessel will be Subsea 7’s highest specification reel-lay vessel, capable of installing complex rigid flowlines including pipe-in-pipe systems and electrical trace heating.”offshore-energy.biz

• 1 source
• offshore-energy.bizRoyal IHC to Build Reel-Lay Vessel for Subsea 7 - Offshore EnergyWorld Maritime NewsSep 6, 2017

Summarized from public sources; check the original articles before acting on it.