Eneti Inc Signs MoU with Transocean Ltd to Form JV for Installation of OWF Foundations

Eneti Inc. has announced the execution of a non-binding memorandum of understanding indicating their intention to form a joint venture company with Transocean Ltd. (NYSE:RIG) (“Transocean”) that will engage in offshore wind foundation installation activities.

a Transocean harsh-environment semi-submersible (photograph courtesy of Transocean Ltd)

Transocean has three hundred plus rig-years of experience operating a global fleet of dynamically positioned offshore drilling rigs to a diverse base of energy-producing customers on long-term contracts.

a Transocean ultra-deepwater rig   (photograph courtesy of Transocean Ltd)

The Transocean fleet consists of 28 Ultra Deep water drilling ships for water depths between 8,000 ft and 12,000 ft (2,438 m – 3,657m) and 10 harsh environment semi-submersible dilling rigs for water depths between 1,640 ft  and 10,000ft (500m – 3,048m).

the Seajacks Scylla    (photograph courtesy of Seajacks)

Eneti, through Seajacks International Ltd., has installed more than 500 wind turbine foundation components at wind farms including Akita & Noshiro (Japan), Meerwind (Germany), Veja Mate (Germany), and Moray East (Scotland).

The establishment and operation of the joint venture are subject to definitive agreements which would provide for

• the conversion of at least two Transocean vessels into floating offshore wind foundation installation platforms,
• expertise and operational personnel to be provided by both Eneti and Transocean, and
• the right but not the obligation for each of Transocean and Eneti to invest in the joint venture with additional partners.

The vessels, once converted, would be capable of carrying and installing up to six 3,500-ton, 12-meter diameter monopile foundations with state-of-the-art safety and efficiency.

Featured Title photograph

The two Seajacks vessels currently under construction in Daewoo, South Korea and will be fitted with impressive high-capacity 2600t at 31m radius cranes, which will allow installation of 14MW+ offshore wind turbines. these vessels will be joining the Seajacks fleet in 2024 and 2025. (photograph courtesy of Seajacks)

Source Eneti Inc