Iceland Purchases First Oil Exploration Ship

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Iceland Purchases First Oil Exploration Ship

Iceland’s Foreign Minister Össur Skarphéðinsson announced in an open meeting in Fosnavaag, Norway, yesterday, the making of a contract to build Iceland’s first platform supply vessel for servicing oil exploration and production in the waters off north and east Iceland.

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Össur Skarphéðinsson. Photo: Páll Stefánsson/Iceland Review.

At ISK 7.3 billion (USD 58 million, EUR 45 million) the ship is the most expensive in the Icelandic fleet and due to be completed and delivered to its owners, Fafnir Offshore, in July 2014, as stated in a press release.

Össur said in a press release that Icelanders were ready to face the challenges of a changing Arctic. “I welcome the initiative of Fafnir Offshore and I predict this heralds a new chapter in the industrial history of Iceland as this is the first vessel specially built for future services to offshore fields north of Iceland. Already, the first licenses have been issued in the Dreki area and I feel certain that the contract on the new vessel is the beginning of a prosperous offshore service industry in Iceland.”

Measuring 88.5 meters long and 17.6 meters wide, the boat is specially built and reinforced for conditions in the Arctic. The ship will have a helicopter platform and a fire fighting unit and emergency oil recovery and reduction system.

The Icelandic base for the vessel will be Fjarðabyggð, East Iceland.

ZR