Sartor Secures Rescue Vessel Contract with Ithaca

- Sartor Secures Rescue Vessel Contract with Ithaca

Wednesday, July 27, 2011
Sartor Offshore Rescue Ltd.

Sartor Offshore Rescue Ltd has secured a three year contract with Ithaca Energy UK Ltd worth £8.2million, in a deal brokered by Clarksons Offshore, Aberdeen.

Sartor's Ocean Sprite, a multi-role offshore support vessel which will operate as a field support and emergency rescue and response vessel for the contract duration, is expected to commence the contract at the Athena field in the North Sea, 180 kilometres Northeast of Aberdeen, in Q4 2011 when Ithaca commences production there.

John Bryce, managing director of Sartor Offshore Rescue Ltd, said, "We are delighted that Ithaca Energy has chosen Sartor Offshore Rescue and our Ocean Sprite, it is a fine vessel with an excellent safety record of 2,860 days without a lost time injury (LTI).

"This is a very significant contract win for us as it is our first time to work with Ithaca Energy and I look forward to strengthening our relationship. We will supply two crews, each of 12 seamen, aboard the Ocean Sprite and I anticipate a continuation of our excellent safety record on board.

"We have invested heavily into our fleet, staff training and the Scottish shipping industry. We actively promote safety onboard our vessels and seven of our vessels have at least 1,000 days with no LTI's, with the more recent acquisitions gradually working towards this milestone. I am delighted that our strong safety record and reputation is attracting new clients such as Ithaca Energy and I look forward to a long and safe working partnership with them," he continued.

James Lund, Projects Manager of Ithaca Energy (UK) Ltd, said, "This agreement is a major contract to be awarded for the operational phase of the Athena project. Sartor Offshore Rescue Ltd and their vessel the Ocean Sprite have an excellent safety and track record which were key to their selection to support the Athena asset in the operational phase. Ithaca looks forward to working closely with Sartor over the next three years"

Sartor Offshore Rescue currently manages a fleet of 9 ERRVs (emergency response and rescue vessels) & 4 PSVs (platform supply vessels) out of Aberdeen.

The company's aim has been to continue to expand its standby and emergency response capabilities within both the Norwegian and British sector of the North Sea and to be able to provide cross-border solutions reflecting the needs of its clients.

Sartor Offshore Rescue employs approximately 330 seamen in its ERRV and PSV fleet and provides multi-role offshore and emergency rescue and response vessels for many of the oil majors operating in the North Sea.

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Gulmar Vessel Sets Sail for Port Gentil

- Gulmar Vessel Sets Sail for Port Gentil

Wednesday, July 13, 2011
Gulmar Offshore Ltd.

DP2 Construction Vessel Gulmar Condor is sailing from the Gulf of Mexico to Port Gentil (Gabon) where she will work for Vaalco under a charter with Dynamic Industries from the US. Vessel Charter is firm till mid December 2011 with potential extensions. Gulmar Condor, equipped with a 120T AHC deep water crane, 1100m2 of deck space and 128 accommodations, will then remain in the West Africa region to work on the subsea spot market.

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Statoil Secures New Light Well Intervention Vessel

Statoil Secures New Light Well Intervention Vessel

Wednesday, April 27, 2011

Statoil

Statoil has awarded Island Offshore a framework agreement for a new light well intervention (LWI) vessel on the Norwegian continental shelf (NCS).

The third of its type in Statoil's portfolio the vessel will help reduce the costs of well interventions and enhanced oil recovery.

Statoil has awarded Island Offshore a framework agreement for light well intervention (LWI) services from their vessel Island Constructor. The duration of the framework agreement is three years, with an option to extend for another year.

A first call-off has been made for 168 days at an approximate value of NOK 320 million, all services included.

"Light well intervention vessels are an important tool in Statoil's toolbox to increase recovery from the fields on which we operate. We already have two similar vessels in our NCS portfolio operating year-around, and it is of high value to us, both in terms of efficiency and cost-reduction. Compared with conventional drilling units these LWI vessels reduce the cost of well interventions by 50 to 70 percent," said senior vice president of drilling and well in Statoil, Øystein Arvid Håland.

A growing number of discoveries on the NCS are developed via subsea installations. At the same time, production from mature fields is declining. Wells need workovers to maintain their output by removing deposits and halting water intrusion. But performing conventional jobs of this kind for subsea developments has been expensive. To address this, Statoil has put LWI vessels into service on a large scale.

An aging rig fleet and securing sufficient fit-for-purpose rig capacity at a competitive and sustainable rig rate level are the main challenges in the NCS rig market. Several initiatives have been launched to address these challenges.

Statoil has made a substantial commitment to research and technology development in order to improve its drilling and well operations. The LWI vessels can improve drilling efficiency and also have the potential to offset rig capacity.

"We are pleased to secure additional capacity for LWI services with this new framework agreement. It is also an example of how we want to contract fit-for purpose units to assure that we use the right tools at the right time. We hereby address the need for well intervention without compromising on drilling capacity," said chief procurement officer in Statoil, Jon Arnt Jacobsen.

Island Constructor is designed to operate in water depths of up to 600 meters. Plans call for the intervention unit to start its first operation for Statoil in November 2011.

Statoil has been pursuing riserless wirelining in subsea wells since 2003, and the technology has steadily improved.

COSL Takes Delivery of 12-Streamer Seismic Vessel

COSL Takes Delivery of 12-Streamer Seismic Vessel

Friday, April 22, 2011
China Oilfield Services Ltd.

China Oilfield Services Limited (COSL) has successfully delivered 12-Streamer Seismic Vessel COSL 720 in Shanghai Shipyard Co. Ltd. (Shanghai Shipyard), Chongming Island Base. The ceremony saw attendance of the representatives from COSL, Shanghai Shipyard and their parent companies.

COSL 720 is the first large-scale domestic deep-water seismic vessel invested and constructed by COSL. The vessel will be capable of towing 12 streamers each 8000m long to carry out seismic survey operation. The operational indicators have met the international standards with the capability to perform high-density seismic collection for 50-meter-distance streamer. The vessel can withstand the seismic pressure of 3000PSI (regular collection: 2000PSI), with the endurance of 75 days, designed speed of 16 knots and towing speed of 5 knots, which the speed improved by 30% from the Group's existing seismic vessels and will significantly reduce the mobilization and demobilization time and increase operation efficiency.

As the most advanced deep-water seismic survey vessel built in China so far, COSL 720 is designed to be a safe, highly efficient, environmental-friendly and energy-saving vessel with emphasis on its performance, collection capacity, the equipment stability, energy saving and emission reduction. COSL 720 is equipped with a new generation of seismic collection system, integrated navigation system and lateral control system. Meanwhile, the full set of remote operating system will increase operation efficiency and reduce labor intensity. The vessel is equipped with a complete diesel-electric propulsion system which is able to effectively reduce vessel fuel consumption, vibration and noise. The system also contributes to improve the quality of seismic collection and the comfort of working and living environment for the crew.

After delivery, COSL 720 will commence operation in South China Sea upon completing the collection test of geophysical equipment, the working volume of which is expected to reach 100% in 2011.

Mr. Li Yong, CEO and President of COSL, said, "Global crude oil price picked up from the bottom and hit USD100 per barrel. Oil companies are gradually increasing their demand for oil and gas exploration. This offers good opportunity for the recovery and development of oilfield services, particularly geophysical services, while bringing new requirements for high quality geophysical services in terms of performance of equipment, technical level and work efficiency. Meanwhile, with China's progressive advancement of deep-water exploration, COSL will also further embark on its deep-water oilfield service. The successful delivery of COSL 720 enhances COSL's competitiveness and equipment for geophysical services, and also improves the company's capability of deep-water services. COSL will continually improve the relevant chains for this service, laying solid foundation for China's deep-water operation."

CGGVeritas Briefs on Vessel Fleet

CGGVeritas Briefs on Vessel Fleet

Friday, April 08, 2011

CGG Veritas

CGGVeritas provided its vessel utilization and its fleet allocation updates for the first quarter of 2011.
Vessel utilization for the first quarter 2011:

• The vessel availability rate1 was 81% including 13% for the on-going upgrades of the Master and the Endeavour as part of our performance plan. This compares to a 84% availability rate in the fourth quarter of 2010 and a 90% rate in the first quarter of 2010.
• The vessel production rate2 was 80% following operational interruptions that resulted from maritime incidents and piracy risks which led to stand-by, additional transit and non-planned shipyards. This compares to a 92% production rate in the fourth quarter of 2010 and a 92% rate in the first quarter of 2010.

Fleet allocation update for the first quarter 2011:

• During the first quarter of 2011, our 3D vessels were allocated 94% to contract and 6% to multi-client programs.

Multi-client sales for the first quarter 2011:

• Following very strong seasonal sales in the fourth quarter of 2010, multi-client sales were low this quarter.