Weekly Market Update - WSB One - Week 8

subsea7 awarded extension

Subsea7’s PLSV Seven Cruzeiro has been awarded a contract extension by Petrobras. With the new agreement, she is firm with the Brazilian oil company until November 2023.

petrojar I under maintenance

Enauta’s FPSO Petrojarl I has entered preventive maintenance which should be concluded by the beginning of next week. The company explained that this type of activity is part of the operational routine of floating production units that normally operate with an efficiency uptime close to 90%. According to Enauta, Petrojarl I had an operation rate of 92% in 2022 and this maintenance is included in the FPSO operation plan hence shall not affect future oil production estimates.

dof gets SURF contract

shell on the hunt for an ahts

Shell have returned to their quest of finding an AHTS vessel to assist on the heading control of FPSO Espírito Santo and likely other internal demands from their producing fields as well. The dutch company had already issued a spot requirement before the Carnival holidays, but due to an extremely high utilization of AHTS vessels in Brazil, there are no available candidates at the moment. The requirement is firm for 3 days with additional 15 days options and commencement window is set for March 2nd or earlier, if any options arise.

DOF Subsea Brasil has secured a contract for a SURF (Subsea Umbilical Riser and Flowline) project in Brazil. The Norwegian base offshore support company will mobilize RSV Geoholm for the contract. Mobilization is set to start in March 2023. The term contract is for 180 firm days with extension options to be agreed. The Charterer has not yet been disclosed, we shall report further when more info is made available.

RSV Geoholm

PLSV Seven Cruzeiro