Grandweld Shipyards, a leading UAE-based ship repair and conversion facility, has secured a contract to build four 41-m fast support vessel (FSIV) for Saudi-based offshore oil and gas service provider, High Seas Marine Industrial Services (HSM).

The first of its kind design will be built as per the standards of Saudi Aramco, and similarly meet all necessary offshore oil field regulations, said a statement from the company.

The builds of all four FSIVs are expected to be complete in 14 months, with deliveries being made in two week intervals, it said.

Engineer Jamal Abki, general manager of Grandweld Shipyards, said:  “Throughout the history of Grandweld, we have prided ourselves in adequate representation of the UAE, as well as going above and beyond our customers’ expectations.This has been essential in driving both operational growth, and maintaining strong business partnerships. With that said, we are confident that this new affiliation will follow the same blueprint.”

“Moreover, in the same manner that the UAE and Saudi have historical ties, we are optimistic that our alliance with HSM, and ultimately Tamimi Group, will evolve to be similar in nature,” he added.

Expectations for global oil demand is predicted to be 104 MMbbd/d in 2025, and natural gas is continually expanding to integrate itself across major markets. Thus, oil and gas companies are expected to accordingly expand their production in order to meet anticipated demand in the coming years.