March 2007 North Sea Market Report - Offshore Shipbrokers
March 2007 North Sea Market Report - Offshore Shipbrokers
March 2007 North Sea Market Report - Offshore Shipbrokers
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Outstanding Requirements - International<br />
ONGC Up to 30 vessels, PSV's, AHTS & MSV's 1-5 years 2006-2008 India<br />
Petrocanada 2 x AHTS 12,000 BHP –4 wells + opts July 07 Trinidad<br />
Petrobras PSV – Circa 24 months April 07 Brazil<br />
Petrobras PSV – Circa 24 months June 07 Brazil<br />
Rana Diving DPII DSV with Helideck, 50t crane – 60days + opts April 07 Italy<br />
Saipem 3 – 4 Pipehaul vessels – 3 months June 07 Singapore<br />
Santos 2xAHTS supporting Ocean Patriot - 1 year + opts May-07 Austrailia<br />
Saudi Aramco 24 AHTS – 5000bhp– 5 years firm Jan-July 07 Med<br />
Shell Nigeria 2 x PSV’s – 3 years firm Aug-07 Nigeria<br />
Shell Pakistan PSV – 1 well April 07 Pakistan<br />
Statoil 2 Vessels to Support Drilling ops – 2 years Aug 07 Nigeria<br />
Total MPSV, AHTS, PSV – Multiple periods & workroles June-07 Congo<br />
ERRV VESSELS<br />
<strong>March</strong> was another extremely buoyant month for ERRV owners with vessel availability once again extremely<br />
tight. Last month, many owners were of the opinion that they would see improved availability from <strong>March</strong><br />
onwards however this situation has changed somewhat with a steady stream of requirements coming to the<br />
market and ongoing delays in BP’s Jigsaw programme.<br />
It is now expected that Jigsaw will now not become active in the central <strong>North</strong> <strong>Sea</strong> until around late April /<br />
early May time and BP have extended a number of ongoing ERRV charters to cover this. This has now left<br />
availability extremely limited for the coming months with both spot and terms rate remaining firm, one<br />
charterer during <strong>March</strong> in fact is reported to have paid £20,000 per day for a 21 day ERRV fixture!<br />
Fixtures<br />
ADTI / Island Viking Supporter 3 wells + 1 well opt April 07<br />
Oilexco Esvagt Supporter 1 year + 2 x 1 year opt April 07<br />
Statoi Ocean Tern 9 months + 6 x 1 opts May 07<br />
Statoi Normand Draupne Extended until June 2008 Extension<br />
Venture Viking Vedette 60 days + 60 daily opts April 07<br />
Outstanding Requirements<br />
BG / Venture ERRV 2 years supporting NTVL June 07<br />
BP ERRV for 5years, 15 years or life of field Late 07<br />
Chervron UK ERRV 95t Bp Supporting Alba – 5 years + opts <strong>March</strong> 08<br />
Nexen ERRV 130 days supporting John Shaw June 07<br />
Nexen ERRV 1 year firm + 2 x 1 year opts July 07<br />
Statoil ERRV 90 days + opts June 07<br />
Total E&P ERRV 1 well (circa 60 days) May 07<br />
Venture ERRV 60 days + 60 daily opts April 07<br />
13 Rubislaw Terrace<br />
Aberdeen AB10 1XE<br />
Telephone No +44 (0) 1224 628788<br />
aberdeen@offshore-shipbrokers.co.uk<br />
9 – 11 Folgate Street<br />
London E1 6BX<br />
Telephone No +44 (0) 207 3779774<br />
london@offshore-shipbrokers.co.uk
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