Vryhof and its mooring business, Deep Sea Mooring (DSM), have signed a multiyear agreement with Diamond Offshore, the company said on Jan. 29.
Under the terms of the agreement, DSM will provide mooring and related equipment to several of Diamond’s rigs and will work closely with Diamond in developing Diamond’s industry leading Mooring Integrity Management System (MIMS) for offshore operations. MIMS was developed in conjunction with DSM’s subject matter experts and will ensure that mooring integrity for Diamond’s mobile offshore drilling units are of the highest standard.
Diamond’s MIMS covers procurement standards, inspection and maintenance standards, certification requirements, risk exposure and protocols, design and assessment standards, and operational practices.
Diamond Offshore is a leader in offshore drilling, providing contract drilling services to the energy industry around the globe with a total fleet of 17 offshore drilling rigs, consisting of 13 semisubmersibles and four dynamically positioned drillships. Equipment that DSM will provide to Diamond as part of the base package in the agreement includes a broad array of high quality mooring equipment. DSM will also provide engineering and rig services expertise as part of the agreement.
“Not only are we committing to a ten-year partnership agreement for the provision of mooring equipment to Diamond, but we will also be working closely together on the latest advanced mooring integrity management systems with regular meetings throughout the year,” Wolfgang Wandl, group CEO at Vryhof, said.
Recommended Reading
Hess Midstream Increases Class A Distribution
2024-04-24 - Hess Midstream has increased its quarterly distribution per Class A share by approximately 45% since the first quarter of 2021.
Equitrans Midstream Announces Quarterly Dividends
2024-04-23 - Equitrans' dividends will be paid on May 15 to all applicable ETRN shareholders of record at the close of business on May 7.
Genesis Energy Declares Quarterly Dividend
2024-04-11 - Genesis Energy declared a quarterly distribution for the quarter ended March 31 for both common and preferred units.
Moda Midstream II Receives Financial Commitment for Next Round of Development
2024-03-20 - Kingwood, Texas-based Moda Midstream II announced on March 20 that it received an equity commitment from EnCap Flatrock Midstream.
Enbridge Advances Expansion of Permian’s Gray Oak Pipeline
2024-02-13 - In its fourth-quarter earnings call, Enbridge also said the Mainline pipeline system tolling agreement is awaiting regulatory approval from a Canadian regulatory agency.