GSP Vega acquisition

August 12, 2008

Grup Servicii Petroliere (GSP) is extending its fleet with the third AHTS (Anchor Handling, Tug and Supply) type vessel, GSP Vega

GSP Vega, the latest GSP’s acquisition, is a part of the long term development plan of the company’s fleet, which takes into account the market tendencies in the offshore oil industry. GSP Vega is a DnV class +1A1 Tug/Supply vessel, EO, FiFi II, Ice C, being designed by Bolsoenes and built at Bolsoenes Verft, Molde, Norway. The ship was delivered to GSP on the 12th of August in Singapore, at the completion of the sea trials and divers inspection.

The GSP’s new vessel main characteristics are: 69,15m length overall (LOA), 60,00m length between perpendiculars (LPP), 15,00m breadth moulded, min 5,00m/max 6,25m draught, and 1000t up to 2112t deadweight tonnage. GSP Vega is endowed with 4 x MAK Diesel 3200 BHP engines, totally generating 12800 BHP, 2 x 226 kW, 440 V – 60 Hz auxiliary engines, an emergency generator of 226 kW, 440 V – 60 Hz, 2 x 800 BHP Tunnel bow thrusters and a stern thrusters of 600 BHP Tunnel. GSP Vega reaches the maximum speed of 14,5 knots. The navigation and communication equipment includes 2 Furuno radars, a GMDSS main radio, an Inmarsat C telex, HF/MF Radio Globe e-mail, a Robertson autopilot, an Anschutz gyro, a Furuno GPS and an Irridium voice/e-mail. The vessel offers accommodation to 16 persons, also having a fully equipped infirmary.

GSP Vega’s rescue capacity includes rescue equipment for 150 persons, a Norsafe Waterjet fast rescue craft for six persons, two rescue nets, two port/starboard rescue zones, 4 x 900 m/h FiFi class II fire fighting equipment, space available for helicopter winching area, and 2 spray booms. The ship is prepared to perform oil recovery.

GSP Vega will increase the total number of support vessels in the Black Sea to 7 vessels: the two AHTS type GSP King and GSP Queen, the three PSV type GSP Licorn, GSP Orion and GSP Perseu, and the crew vessel GSP Phoenix. The 100 tons floating barge GSP Granit completes the fleet.

General information:

GSP is a member of Upetrom Group and it’s headquartered I Constanta Harbour, Romania. GSP is a regional leader in offshore drilling, providing a wide range of offshore drilling and drilling connected services, engineering solutions and technical consultancy. The companies within Upetrom Group have activities in onshore and offshore drilling, oilfield equipment production, design engineering, as well as in the tourism sector. Today, Upetrom Group as more than 6000 employees and is operating worldwide, with representative offices in various countries.

Further Information:

Sanda Gabriela Murtaza
PR Specialist, Grup Servicii Petroliere
Tel.: +40 241 555 255, extension 161, public.relations@gspdrilling.com

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