Hornbeck Offshore Services Inc., Covington, La., announced this week that it will purchase 10 offshore service vessels from Edison Chouest Offshore (ECO), Galliano, La.
HOS will pay an undisclosed amount of cash for the 10 high-spec new generation OSVs. Eight of the vessels are U.S.-flagged, Jones Act-qualified, 280-class DP-2 OSVs with capacities of 4,750 DWT. The other two vessels are Mexican-flagged 240-class DP-2 OSVs with capacities of 3,200 DWT.
Upon completion of regulatory drydockings to be conducted by ECO, Hornbeck expects to take delivery of all 10 vessels over the next 12 to 15 months, with the first vessel expected to be delivered within the next 90 days.
"We are very excited about this acquisition, which puts us on a path for growth for the benefit of our employees, oilfield and non-oilfield customers and other constituents,” Todd Hornbeck, president and CEO, said in a statement announcing the purchases. “We appreciate the financial support of our capital providers that underwrote this endeavor. We look forward to executing our strategic plans for additional growth and business diversification initiatives in the future."
Hornbeck Offshore Services is a provider of technologically advanced, new generation offshore service vessels to the energy industry primarily in the Gulf of Mexico and Latin America, as well as to the U.S. military and other non-oilfield customers.