The overall investment for the construction of the new vessel, including the vertical J-lay tower, is approximately E380 million. Construction is expected to take approximately 36 months.

The new ship, to be built in Koje shipyard in South Korea, is expected to allow Saipem to strengthen its competitive positioning in the profitable deepwater field development market, which is growing in the traditional areas of west Africa, Brazil and Gulf of Mexico, and is expanding in the Mediterranean Sea and southeast Asia.

The Saipem FDS-2 will have a maximum length of 183m, a moulded breadth of 32m and a moulded depth of 14.5m, and will be equipped with a vertical J-lay tower with a maximum capacity of 2,000 tons designed to J-lay sealines of up to 36-inch diameter, in water depths of up to 3,000m. The ship will also be capable of S-laying sealines of the same diameter.

The vessel will be equipped with DP3 dynamic-positioning system, will have a maximum transit speed of 13 knots and will be able to accommodate 325 people.