Dubai Drydocks’s new JV will see it work on FPSO vessel for UK’s Rosebank oil and gas field

Dubai Drydocks’s new JV will see it work on FPSO vessel for UK’s Rosebank oil and gas field

Dubai: Dubai Drydocks, the ship repair and maintenance services company, is making further headway overseas, this time through a joint venture to upgrade a floating production storage and offloading (FPSO) vessel designated for the Rosebank oil and gas field in the UK. Part of DP World, Dubai Drydocks’ partner in the venture is Norway's Aker Solutions. The first contract was signed with Altera Infrastructure, an energy infrastructure services group, to upgrade, refurbish and electrify the FPSO, the . The vessel will be re-deployed at Rosebank field, with the upgrades allowing it to be kept in the field for 25 years without drydocking. "This joint venture will deliver world-class maritime engineering and construction solutions to the global energy industry,” said Sultan Bin Sulayem, Group and Chairman and CEO at DP World Group. “The sector needs smart, collaborative partnerships like this to ensure sustainable production and to successfully transition equipment and vessels for the future. Today’s announcement is an important step forward." Recently, Dubai Drydocks took on the main role at an existing shipyard in Montenegro, to oversee repair and related services for yachts, especially those that anchor in and around European hubs. Aker Solutions will handle the design and procurement of