Construction begins on Nautilus vessel

THE CONSTRUCTION of Nautilus Minerals’ production support vessel took its first step last month with a steel cutting ceremony at the Fujian Mawei Shipbuilding shipyard in China.
Construction begins on Nautilus vessel Construction begins on Nautilus vessel Construction begins on Nautilus vessel Construction begins on Nautilus vessel Construction begins on Nautilus vessel

The vessel will serve as base for the company's subsea operations in the Bismarck Sea, and later its Pacific Ocean tenements off the coasts of the Solomon Islands, Vanuatu, Fiji and Tonga.

Nautilus also has exploration licences for the Clarion Clipperton Fracture Zone and for areas off New Zealand's coast.

CEO Mike Johnston said: "I am delighted that the steel cutting has happened on schedule and in line with our plan to commence testing and initial production activities at Solwara 1.

"We have worked with Fujian Mawei Shipyard, Marine Assets Corporation and others on our project for nearly a year now, and have established a very good relationship which will continue over the coming years.

"Our objective remains to develop the world's first commercial high grade seafloor copper-gold project and launch the deep water resource production industry."

He also said Nautilus and its PNG partner Eda Kopa (Solwara) expected to take delivery of the production support vehicle in December 2017 which will enable operations to start in the first quarter of 2018.

Marine Assets Corporation will own and provide the marine management of the vessel, which will be chartered to Nautilus.

loader

Most read Regions

  • NEW: Digital version of PNG Report magazine - View here
  • Porgera: Barrick-PNG talks go on - Read more
  • Follow the companies investing in the PNG market - Read more

Most read Regions