Swire Seabed Shuttered
Swire Pacific Offshore (SPO) announced that it will be closing its wholly owned subsea services subsidiary, Swire Seabed AS and its three associated companies as oilfield services firms continue to feel the effects of the pronged industry downturn.“It is an extremely difficult decision to close Swire Seabed’s operations in Bergen, but the ongoing state of the market makes this restructuring of our subsea operations necessary,” SPO’s Managing Director, Peter Langslow, said in a statement. “Over the years, the Swire Seabed team has had a number of significant achievements
Swire Seabed Buys Fourth Subsea Vessel
;s long-term growth strategy. Our contract with Ocean Infinity enables the Company to establish a survey department that can process and present large quantities of high quality data to our clients. Despite the challenging times in the offshore industry, the strength of our parent company, Swire Pacific Offshore (SPO), with support from the rest of the Swire Group, allows Swire Seabed to continue investing in new assets and facilitating the company’s development and expansion in both current and new market segments,” says CEO, Swire Seabed, Arvid Pettersen. Headquartered in Bergen
Sovcomflot Ups its Role in the Sakhalin-2 Project
Sovcomflot Group (SCF Group) said its fleet will have greater involvement in serving the Sakhalin-2 offshore platforms for Sakhalin Energy Investment Company Ltd. (Sakhalin Energy). SCF Group, Sakhalin Energy and Swire Pacific Offshore have signed several agreements that entail the purchase of two platform supply vessels from Swire Pacific Offshore by SCF Group. All the three platform supply vessels used in the Sakhalin-2 project will now be operated by SCF Group under long-term time charter contracts with Sakhalin Energy. The three ships are multipurpose ice-class (Ice-10) supply
2 Mobile WROVs with LARS for Swire Seabed
to the six WROVs permanently installed on Swire Seabed’s dedicated subsea vessels. Both the WROVs and LARS are designed for harsh and challenging environments and can be easily transported and mobilised on board Offshore Support Vessels (OSVs). These new assets will be used to support Swire Pacific Offshore’s extensive fleet of more than 80 OSVs, as well as other third party vessels that require mobile WROV systems. “The decision to invest in these assets is part of Swire Seabed’s long-term growth strategy. Swire Seabed is not immune to the challenges low oil prices
Royal IHC, Tompkins UK Launch TI Geosciences
. TI Geosciences will initially provide cone penetration test (CPT)/gravity coring services. These will be based on Tompkins’ deep-push, buoyancy stabilized, deep-water CPT system – equipped with AP van den Berg’s digital pressure compensated Icone – deployed from a Swire Pacific Offshore G-class platform supply vessel. Remote seabed drilling services are also scheduled for the fourth quarter of 2015, with the first in a range of IHC’s SWORD (sonic wireline-operated remote drill) systems, which will also be deployed from a Swire G-class vessel. Services will be ISO 19901-6
SE Asia Oilfield Service Minnows Must Acquire or Expire
in the region, are planning to spend billions of dollars to unlock virgin reserves trapped in remote deepwater locations and boost extraction rates at existing but aging fields. That promises more business for top offshore oilfield services firms like PACC Offshore Services Holdings Ltd and Swire Pacific Offshore, a unit of Hong Kong conglomerate Swire Pacific Ltd. But that does not mean more business for the smaller players, which have been clubbed by rising costs and keen competition in an overcrowded market. People in the industry say the smaller players, which typically operate 20 to 30 offshore
Veripos Positioning for Swire Pacific Offshore Fleet
Swire Pacific Offshore Operations (Pte) Ltd (SPO), an owner and operator of support vessels for offshore sectors, has awarded a three-year contract to Veripos for provision of precise satellite positioning. Under the terms of the contract, Veripos will provide precise positioning services to SPO’s existing fleet of more than 80 vessels globally. The fleet will progressively expand to over 100 vessels by the end 2015. Veripos is currently providing services to a significant number of SPO vessels in Asia, Africa and Europe and will be completing installation of facilities on the remaining
Singapore Offshore Company's Executive Appointment
Offshore Energy Services Group, headquartered in Singapore. The Jaya Group provides a wide range of services and solutions to the offshore oil and gas E&P domain. Mr Horsington, 38, is set to join Jaya on September 6, 2012 after more than 10 years in various senior management positions with Swire Pacific Offshore Operations. The new position is an executive appointment and Mr Horsington will be responsible for all areas of business development including business extension, business expansion and cultivating new business. He will also contribute to Jaya’s chartering business, and be
February 2024
