Besiktas Shipyard

Rig repair job a big boost for Besiktas / 17.03.2011

Besiktas Shipyard in Turkey has snagged a prestigious 60-day repair contract for one of the largest semisubmersible drilling rigs in the world, the Leiv Eiriksson (built 2001).

The rig, owned by George Economou-led Ocean Rig ASA, a subsidiary of Nasdaq-listed DryShips, arrived at the yard last Saturday and will undergo principally maintenance works of the critical equipment and propulsion systems.

Specialists of the equipment makers will co-operate with Besiktas to carry out the work.

Yavuz Kalkavan of Besiktas says the rig’s derrick was disassembled in order to allow it to pass under the two suspension bridges that span the Bosporus Strait. After completion of the works, it will be reassembled by the same Norwegian subcontractor who disassembled it for the passage.

Kalkavan declines to reveal the value of the contract but in the rather negative conditions that have hit Turkish yards over the past couple of years, the project is a boost for Besiktas.

urrently, on the construction side, Besiktas is completing a series of four 3,600-cbm semi-refrigerated LPG carriers for Gas & Heat of Italy and building 10 river-type tankers of 7,100 dwt for Palmali Shipping.

In January, DryShips announced that the Leiv Eiriksson and the company’s Ocean Rig Corcovado had been contracted with Cairn Energy PLC for a period of approximately six months each.

The total contract value including mobilisation for the Leiv Eiriksson is approximately $95m, DryShips said.

By Gillian Whittaker Athens

17 March 2011, 11:01 GMT