Offshore staff
STAVANGER, Norway – Prosafe has issued an operational update on its accommodation/support rig fleet in its latest results statement.
The Safe Zephyrus finished working for Shell at the Shearwater platform in the UK central North Sea on Aug. 7. In the same region, the Safe Caledonia continues operating for TotalEnergies at the Elgin platform, with the first of two 15-day extension options exercised last month.
The Safe Boreas’s program for CNOOC at Buzzard, also in the UK central sector, has been extended to 160 firm days.
Offshore Brazil, the Safe Eurus is providing safety and maintenance support to Petrobras under a three-year contract, while the Safe Notos’ contract for the same operator is due to end in November.
The Safe Concordia, which has been off-hire since July 25, is preparing for a 117-day contract offshore Trinidad and Tobago.
As for the market outlook, Prosafe expects oil and gas to remain an important part of the global energy mix, with oil and gas companies generating positive cash flow at current oil prices.
The energy transition may lead to a higher focus on optimization from existing fields compared with exploration and new developments, again driving a need for more life extensions, maintenance and modifications.
On the other hand, the industry’s move toward more efficient ways of working, digitalization and new methods for field development will likely lead to lower manpower-intensive work processes and subdue demand for semisubmersible offshore accommodation vessels over time.
But in the short term, the activity level remains relatively high, with good prospects for decent activity going into 2022.
At the same time, Prosafe retains the view that the industry needs further consolidation and vessel recycling.
08/19/2021
