Marine Link
Tuesday, January 23, 2018

Contract Offshore News

Seadrill Contracts Out Multiple Jack-Up Units

Seadrill vessel: Photo courtesy of the owners

Seadrill Limited informs it has secured new contracts for the jack-up units 'West Tucana', 'West Telesto', 'West Ariel', and 'West Prospero'. Additionally, the contract for the 'West Mischief' has been extended by four months. The total revenue potential for the four new contracts and one extension is approximately US$319- million. West Tucana, a Friede & Goldman JU-2000E jack-up rig, has secured a contract offshore Angola with Cabinda Gulf Oil Company Limited (CABGOC) - Chevron's wholly owned operating unit in Angola. The contract is for a firm period of 24 months.

Offshore Systems Signs $2m Contract

Offshore Systems Ltd. signed a contract to provide the Royal Australian Navy (RAN) with its ECPINS submarine navigation system. Offshore Systems will provide six Warship ECDIS (WECDIS) navigation systems, including both hardware and software to the RAN for its Collins class submarines.

Transocean Provides Fleet Status Report

Photo: Transocean Ltd

Transocean, the world's leading offshore drilling contractor with 61 rigs in its fleet, has issued a Fleet Status Report that provides the current status of and contract information for the company's entire fleet of offshore drilling rigs. Being the largest offshore drilling company in terms of market capital, Transocean is ridding itself off of the old rigs, the long-since weighing overheads, and reducing inefficiency in its processes. Actinia - Awarded a three year contract offshore India at a dayrate of $101,000 ($111 million estimated contract backlog).

OSI Secures Contracts

Offshore Systems International Ltd. has won new contracts for more than $341,467to immediately additional Royal Danish Navy ships with electronic chart navigation systems. OSI won its first open international win and major NATO contract outside of Canada in August 2001 with the Royal Danish Navy. In each year since the initial contract, OSI has received follow-on orders for additional services, upgrades or new equipment from the Navy.

OSI Wins New Zealand Navy Contract

Offshore Systems International Ltd. said its Navigation Systems business has been awarded a CDN$800,000 contract for the Royal New Zealand Navy's Project Protector naval shipbuilding program. Tenix Defence Pty Ltd. is prime contractor for the construction of seven new ships. The contract is to supply and install ECPINS(R) 4000 (Electronic Chart Precise Integrated Navigation System) on all seven new ships.

OSI Completes Portuguese Navy Contract

Offshore Systems International Ltd signed the subcontract agreement to supply ECPINS® electronic navigation systems to the Portuguese Navy. The contract is valued at approximately $580 million. OSI's partner in Portugal and the prime contractor for the installation is SICOM - Sistemas de Comunições, Lda, of Lisbon, Portugal.

Atwood Oceanics Announces Vicksburg Contract

Atwood Oceanics, Inc. (a Houston based International Offshore Drilling Contractor) said that the VICKSBURG (owned and operated by its wholly owned subsidiary Atwood Oceanics Pacific Limited) has been awarded a two-year contract by Chevron Overseas Petroleum (Thailand) Limited ("Chevron") which will immediately follow Chevron's current eight (8) month drilling commitment offshore Cambodia. The VICKSBURG is presently working in Malaysia under drilling commitments with dayrates of $82,000 to $87,000, which should extend to October 2006. After completion of these commitments, the rig will be moved to Cambodia to commence the eight (8) month drilling commitment with Chevron followed by the two-year contract in Thailand.

Northern Offshore Jackup Energy Exerter Ops

Northern Offshore, Ltd. (Oslo Bors: NOF.OL) announced that its subsidiary, Northern Offshore U.K. Ltd., has completed its 120 day drilling contract offshore Greece utilizing the jackup rig Energy Exerter. The company said that the rig was under tow to a location offshore Malta where it would be cold stacked until drilling opportunities in the Mediterranean Sea improve. The drilling contract for the work offshore Greece included a requirement that the operator provide a letter of credit in Northern's favor in the amount of $4.6m, representing approximately five weeks of dayrate. The company said that it had drawn the full amount of the…

Offshore Systems Wins Royal New Zealand Navy Contract

Offshore Systems Ltd., has signed a contract with the Royal New Zealand Navy. The contract, valued at over $730,227 with all options exercised, will see Offshore’s proprietary ECPINS®-M (Electronic Chart Precise Integrated Navigation System Military) deployed across the navy’s entire fleet. The contract brings the number of navies to standardize on ECPINS-M to three: the Royal New Zealand Navy, the Canadian Navy, and the Royal Danish Navy. Offshore continues to pursue opportunities to supply international military customers with its warship navigation software. The company recently announced that it is also collaborating with Kelvin Hughes Limited of the UK to jointly pursue more defense contracts.

GGS Lands 2D Double Play Offshore Oman and UAE

GGS ASA has been awarded two 2D contracts offshore Oman and the UAE. The contracts are subject to technical & HSE audit. GGS will use the vessel Odin Explorer for the job. The company considers this to be an important milestone in expanding its business beyond Iran to become a leading geophysical company in the whole Middle East region. The 2D contract, which is a first for GGS, is scheduled to commence late third quarter 2001, and is valued between 1 and $1.5 milllion. At present the company is also into the second month of collecting several 3D contract surveys, which together represent a backlog of more than $20 million. This work is being undertaken with the six streamer vessel Laurentian, and is expected to be finished 1st or 2nd quarter 2002.

Hallin Awarded $8M West Africa Project

Photo courtesy Foster Marketing Communications

Integrated subsea contractor Hallin Marine is mobilizing its vessel, Ullswater, after winning a saturation diving contract offshore Angola. The DP2 Ullswater, equipped with saturation and air diving systems, a Hallin C-ROV and all personnel, will repair a 16-inch pipeline and carry out inspections on various platforms. Operatec, an Angolan company, and Superior Energy Services have been performing diving services under a long term maintenance contract since mid 2009. The Ullswater saturation diving project is an extension of this ongoing maintenance contract.

Chellsea Expands PSV Order from COSCO, Rolls-Royce

COSCO Shipyard Group announced that it has been awarded options by the Singapore-based Chellsea Group for the construction of four platform supply vessels designed by Rolls-Royce. With this contract, COSCO has ordered integrated design and equipment packages for a total of eight Rolls-Royce UT 771 WP platform supply vessels, with an option for further two. The first four are currently under construction, while the subsequent four are scheduled for delivery between the second quarter of 2016 and the first quarter of 2017. All eight vessels will be added to the fleet of two UT 755 LN vessels that are already in operation with Chellsea.

Rolls-Royce To Supply 4 Designs And Vessel Systems To COSCO

Courtesy Rolls Royce

COSCO Shipyard Group has announced that it has been awarded options by the Singapore-based Chellsea Group for the construction of four platform supply vessels designed by Rolls-Royce. With this contract, COSCO has ordered integrated design and equipment packages for a total of eight Rolls-Royce UT 771 WP platform supply vessels, with an option for further two. The first four are currently under construction, while the subsequent four are scheduled for delivery between the second quarter of 2016 and the first quarter of 2017.

Polarcus Secures New Contract

Polarcus Alima. Photo by Polarcus DMCC

Polarcus Limited sign a new contract with an unnamed client in terms of a marine 3D seismic project where Polarcus' Right Band technique used  for broadband data acquisition. It is stated in a stock exchange release. The project, which is contingent upon the exercise of a service contract, will commence in the third quarter of this year and is expected to last approximately 45 days. For commercial reasons not stated the location of the project, said Polarcus. Just last week the company was awarded a contract offshore West Africa…

Offshore Systems Awarded New Geomatics Contracts

Offshore Systems International Ltd. (OSI) announced that its nautical charting and land-mapping division, OSI Geomatics, has received new orders worth more than CDN$1,500,000. The group of orders span the end of the company's third quarter and the beginning of the fourth quarter. "Our data production division continues to make excellent progress," said John Jacobson, OSI's President and CEO, "and we're pleased with its growing contribution to OSI's overall business. Our navigation systems business has a number of major quotes outstanding for ECPINS products to both commercial and military customers. The Geomatics contracts are for electronic nautical charting and digital land-mapping services for a combination of government, military, and private customers.

Offshore Rig Count

U.S. The Gulf of Mexico rig count continues to rebound, and this week reached its highest level since July 1998, according to Offshore Data Services' weekly mobile offshore rig count. The Gulf of Mexico rig count is expected to continue to rise as the year progresses. On March 24, 155 of the 198 mobile offshore drilling rigs in the U.S. Gulf of Mexico were under contract. The week's tally represents a four-rig increase over the previous week's count, and a nine-rig increase over the month-ago figure. The number of rigs under contract offshore Europe is unchanged, although European offshore rig utilization declined slightly due to the addition of a non-working unit to the area's fleet.

Topaz Expansion to West Africa

Topaz Energy and Marine (‘Topaz’), a leading oilfield services group, has secured a two vessel contract offshore Nigeria for the duration of 2011. The award constitutes a new market entry for Topaz in the strategically important and buoyant West African offshore sector. Topaz has mobilised two Anchor Handling Tug Supply Vessels (AHTSV), Topaz Johor and Topaz Jurong, for an eight month contract to support operations in the Atlas, Mira and Brittania fields, offshore Nigeria, on behalf of AXXIS Petroconsultants Ltd.

Transocean Provides Fleet Update Summary

Photo: Transoceean

Transocean Ltd. today issued a monthly fleet update summary which includes new contracts, significant changes to existing contracts and changes in estimated planned out-of-service time of 15 or more days since April 17, 2014. The total value of new contracts since the April 17, 2014 Fleet Status Report is approximately $953 million, Transocean said. •Dhirubhai Deepwater KG1 - Awarded a three year contract offshore Brazil at a dayrate of $440,000 ($482 million estimated backlog). The rig's prior dayrate was $510,000. •Paul B. Loyd, Jr. - Awarded a two year contract extension in the U.K.

Cobham Comms for Six Newbuild CBO OSVs

CBO Bossa Nova and five other newbuilds will operate with Cobham SATCOM VSAT and Satellite TV (TVRO) antennas in addition to radio communication equipment  (Photo: Cobham Satellite)

Companhia Brasileira de Offshore (CBO) has chosen Cobham SATCOM VSAT and Satellite TV (TVRO) antennas in addition to radio communication equipment for installation on six new Offshore Support Vessels (OSV). CBO’s state-of-the-art new OSVs have been commissioned to fulfil development contracts offshore Brazil and will be entering service during 2017 and 2018. The Cobham SATCOM equipment has been installed and is already supporting operations on the first of the new OSVs, with installation aboard the second vessel scheduled this month.

Transocean Awarded Contracts

Transocean Inc announced that Statoil on behalf of a consortium consisting of Statoil, Eni, Norsk Hydro and Shell has awarded multi-year contracts valued at an estimated $700 million in revenues for the company's High-Specification semisubmersible rigs Transocean Arctic and Polar Pioneer. The Transocean Arctic has been awarded an estimated 50-month contract for drilling, completion and intervention work on the Norwegian Continental Shelf. The contract is expected to commence in the third quarter of 2006 following completion of the rig's current contract offshore Norway, also with Statoil. Revenues of approximately $395 million could be generated over the estimated 50-month contract period.

TWMA Wins Waste Management Contract Offshore W. Africa

Environmental waste management contractor TWMA has won its first offshore service contract in West Africa, signifying its intention to expand its business in this important region. The contract was awarded by AGR Petroleum Services and is worth around $1.6m over six months. It covers supply, installation and operation of an integrated drilling waste management solution. TWMA will provide a range of solids control technologies to AGR for its drilling campaign in the Hyperdynamics' concession offshore the Republic of Guinea.

Transocean's contract backlog $11.3 Bln on February 9

Ultra-Deepwater Rig Photo Transocean Ltd

Transocean Ltd. (NYSE: RIG) today issued a quarterly Fleet Status Report that provides the current status of and contract information for the company's fleet of offshore drilling rigs. As of February 9, 2017, the company's contract backlog was $11.3 billion. On December 31, 2016, the newbuild ultra-deepwater drillship Deepwater Conqueror commenced operations on its 5-year contract in the U.S. Gulf of Mexico at a dayrate of $589,000. The customer has elected to exercise its contractual option to terminate the contract for the ultra-deepwater drillship Deepwater Asgard effective January 2017.

Inmarsat Adapts Fleet Xpress for OSVs

© J G Ray / Adobe Stock

Inmarsat said it has launched a new set of Fleet Xpress plans designed specifically to meet the technical and commercial requirements of offshore support vessels (OSVs). According to Inmarsat , the new plan exploits high-speed connections and guaranteed performance to offer vessel operators levels of flexibility that are naturally suited to the demanding requirements of a high-end sector such as offshore support. As connectivity needs on board OSVs change frequently and swings in data usage are likely to be more pronounced than for conventional cargo ships…

Maritime Reporter Magazine Cover Dec 2017 - The Great Ships of 2017

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