Norway-listed companies have secured new contracts for offshore support vessels, and one has sold a 15-year-old ship out of the sector
DOF Rederi has sold 2006-built, 2,885-dwt platform supply vessel (PSV) Skandi Texel for Nkr12M (US$1.41M) to an unnamed Norwegian company, removing it from the oversupplied offshore fleet. The MT 6009S-design vessel was delivered to the new owner on 3 March 2021.
Skandi Texel has an overall length of 69.5 m, breadth of 16.4 m and draught of 6.2 m. This sale comes as OSV owners are struggling with debt and poor margins in offshore oil and gas services.
However, there have been some successes. Prosafe has secured an US$8.5M contract for its accommodation semi-submersible Safe Boreas from CNOOC Petroleum Europe starting in mid-April 2021. The 2015-built semi-submersible will support operations on the Buzzard platform complex in the UK sector of the North Sea for at least 100 days performing a gangway-connected work scope using dynamic positioning (DP3). CNOOC Petroleum Europe has options to extend the contract for up to 90 extra days if required.
Boa Offshore has mobilised its subsea construction support vessel Boa Deep C from the Kara Sea to Asia for a contract with a European contractor, which started in Q1 2021. According to Automatic Identification System data, the 2003-built vessel has been working off the east coast of India since February. It has been in and out of Kakinada port and anchorage, northeast of Chennai and southwest of Visakhapatnam.
In its latest results, Boa Offshore chief executive Helge Kvalvik said “the market remains challenging in the short term, and there are relatively few new contract opportunities out in the market.” But he is optimistic for the future. “Given a positive development in the Covid-19 situation during 2021, offshore exploration and production and subsea investments could be set for a meaningful recovery in 2022-23,” said Mr Kvalvik.
In Africa, Bluewater has secured a contract to supply a single-point mMooring system for tanker unloading and loading operations in Benin.
Offshore construction projects and subsea technologies will be discussed during Riviera’s Annual Offshore Support Journal Virtual Conference Week - 23-25 March 2021 - use this link to access more details and register for these events