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23/2/2018 — Other Minerals and Metals
Nautilus support vessel well advanced

Construction was now well advanced on the production support vessel and associated equipment to be used at the Solwara-1 high grade seafloor massive sulphides deposit in the Bismarck Sea of Papua New Guinea.

Project operator Nautilus Minerals Inc (TSX: NUS; OTC: NUSMF) said Mawei Shipyard now had the support vessel about 75% complete.

Solwara-1 has the PNG Government entity Eda Kopa (Solwara) Ltd as a minority partner.

Nautilus CEO Mike Johnston said the latest advances include installation of the in-hold material handling system allowing closing of the vessel deck, installation of the derrick substructures and advancement of the derrick structure.

This has allowed for the installation of deck blocks and close out of the deck of the vessel in preparation for the derrick installation.

The Sichuan Honghua Petroleum Equipment Co has made “good progress” with fabrication of the derrick and associated substructure. This equipment is required for deployment of the subsea slurry lift pump and riser.

The riser storage and handling system is due to be delivered to the yard towards the end of February, for assembly and subsequent installation in March.

Johnston said progress continues on marine systems with all the ship’s engines run and load tested in December. Installation of electrical equipment and transformers for the seafloor production tools was ongoing. The 200 tonnes and 100t ship’s cranes have been installed on the deck, along with one of the seafloor production tools’ maintenance cranes.

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The well advanced special support vessel for the Solwara-1 project in the Mawei Shipyard.