Harland and Wolff has won a £61 million contract to refurbish an oil and gas production vessel at its Belfast shipyard.
The contract with Canadian oil and gas company Cenovus Energy will see the SeaRose Floating Production Storage and Offloading (FPSO) vessel arrive in the yard in early 2024, with the refurbishment taking around three months.
It is the platform’s second trip to Harland and Wolff’s Belfast dock have previously visited in 2012. On this occasion, around 1,000 people will be on-site working on the vessel upgrade.
“I am delighted that Cenovus has chosen Harland & Wolff as its preferred yard to undertake the mid-life upgrade of the SeaRose,” John Wood, CEO of Harland & Wolff Group Holdings plc, said. “This is a significant win within our non-defence portfolio from a global, blue-chip energy group and I am pleased that we are gaining a reputation as a go-to yard for large and complex programmes.
Mr Wood said the ramp up in work comes as it prepares to return to shipbuilding as part of the delivery team for the £1.6 billion Royal Navy contract to build four support vessels.
“With an estimated 1,000 personnel on-site, this project will allow for further synergies in our execution, leveraging off of personnel, skill sets and supply chains that will support the upcoming FSS Programme.”
The company said the ramp up in work comes as it prepares to return to shipbuilding as part of the delivery team for the £1.6 billion Royal Navy contract to build four support vessels. Harland and Wolff will work with Spanish company Navantia Ƶ to build fleet support ships for the Royal Navy.
It said it expects that deal to generate £700 million to £800 million for the company over its course, while total contracted revenue for the next seven years sits at £1 billion in total, up £100 million since March.
