Wednesday 20 November 2019
 
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BIG MARITIME BOOST

Saudi IMI signs jack-up design licence deal with GustoMSC

DHAHRAN (Saudi Arabia), October 16, 2019

Saudi-based International Maritime Industries (IMI) has announced that it had signed a licence agreement with GustoMSC, a company of Houston rig and equipment builder National Oilwell Varco (NOV).

A joint venture between Saudi Aramco, Lamprell, Bahri and Hyundai Heavy Industries, IMI said with this agreement, it will be able to efficiently construct and deliver drilling rigs to its clients.

The agreement entails a new GustoMSC drilling jack-up design which will utilize the modern manufacturing capabilities currently planned for at IMI.

Located in The King Salman Complex for International Maritime Industries & Services at kingdom's Ras Al Khair region, IMI is poised to become the region's largest, full service maritime facility.

When building is complete, the annual capacity of the facility will be four (4) new build offshore rigs and over 43 new build vessels including VLCCs, in addition to servicing more than 260 maritime products.

Under this agreement, IMI will be fully prepared for its first production operations anticipated in 2021, it stated.

On the agreement, CEO Fathi K Al Saleem said: "This is a major step for IMI in securing the required knowledge and getting the best rig design which will be tailored to our state of the art construction capabilities, ready for decades to come."

GustoMSC, responsible for delivering the basic design, will tailor one of its well established CJ-series of drilling jack-ups.

Combined with a focus on IMI's specific construction and installation capabilities overall rig construction time will be reduced. The design retains its key and field proven features such as the sturdy X-bracing leg design, the Rack & Pinion Jacking Systems and X-Y cantilever system, said the top official.

The IMI rig design is targeted to be a 'Fit For Purpose' solution that enables safe, efficient and reliable drilling for Saudi Arabia.

GustoMSC Managing Director Nils van Nood said: "IMI is an important part of the Saudi Vision 2030 and contributing to that vision is a great opportunity for us to serve key clients in Saudi Arabia and the region."

"As design company and supplier of dedicated capital equipment, we see an important partner in IMI," he noted.

The full design development will kick-off in the coming weeks. GustoMSC acts as independent rig design company, enabling IMI and its clients to have an open approach to all major vendors that want to become part of the upcoming construction program.




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