Delivery is due from Vard Vung Tau shipyard in Vietnam in late 2016. Farstad said the vessel is costing NOK 520m ($70.3m).

The vessel will be of Vard 3 17 design, with a total length of 98 meters and a beam of 21.5 meters, and has been developed especially for subsea and IMR operations.

It is arranged for two ROVs and will also feature a 150 ton active heave compensated offshore crane.

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