SOC winning Veja Mate OWF Contract

Siem Offshore Contractors GmbH (“SOC”), a wholly owned subsidiary of Siem Offshore Inc., announced today, that SOC has been awarded the contract for the turnkey supply and installation package of the inner array grid cable system for the 400 MW Veja Mate Offshore Wind Farm (“OWF”). The contract, estimated at a value in excess of Euro 100 Million, highlights the continued growth in the Offshore Renewable Energy Market for the Siem Offshore group.

The project is being developed with the technical advisors of K2 Management, Green Giraffe as the financial advisor and CMS Hasche Sigle as the legal advisor on behalf of the project owner Highland Group Holdings Ltd.

The Veja Mate OWF is located 115km off the German coast, within the German Bight sector of the North Sea. The 67x 6 MW Siemens supplied Wind Turbine Generators (WTG’s) shall be inter-connected by an inner array grid (“IAG”) of 33 kV medium voltage alternating current (“MVAC”) submarine composite cables with a total length of up to 97 km.

SOC will be utilising vessels and resources within the Siem Offshore group, whereby the combined capabilities of Siem Offshore’s marine operations and the engineering and installation experience of SOC will form a natural and strong resource base to the benefit of the project.

In addition to the submarine cable installation works, SOC will also provide associated materials and services including the supply of the submarine composite cables, cable protection systems and related accessories as well as post-installation termination, trenching and testing services.

The offshore works for the IAG cable system are due to begin in 2016, whereby the project is scheduled to be brought online before the end of 2017.