Global Support Vessel MonthlyFebruary 2012
Table of Content
- Spot Chartering
North Sea Day Rates . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . page 3
- Term Chartering
North Sea Day Rates . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . page 4
South America Day Rates . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . page 5
East- and West-Africa Day Rates . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . page 5
US Gulf Day Rates . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . page 6
Southeast Asia Day Rates . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . page 6
- Second-Hand Values
PSV & AHTS Levels . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . page 7
- Newbuilding Activity
PSV & AHTS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . page 8
- Global Fleet
Fleet Development . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . page 9
Fleet Locator . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . page 9
- Demand Indicators
Oil and Gas Prices . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. page 10
Crude Oil Supply and Demand . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. page 10
World Economy - Real GDP Growth . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. page 10
Rig Activity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. page 10
- North Sea Fleet Activity
Supply, Demand and Utilization . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . page 11
AHTS & PSV Activity Overview . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . page 12
Recent Fixtures, Extensions and Outs. Req. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . page 13
- RS Platou Offshore Contact Details . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . page 15
RS Platou Offshore Research
Mikal Formo Asplin Sven Ziegler
+47 23 11 27 53 +47 23 11 25 32
[email protected] [email protected]
RS Platou ASA page 2
GLOBAL SUPPORT VESSEL MONTHLY February 2012 OFFSHORE RESEARCH REPORT
REPORT OVERVIEW
Bård Thuen Høgheim
+47 23 11 27 42
While care has been taken in good faith to ensure that the information in this report is accurate and complete, it is intended to be used as a general guide and not to be relied upon as a definitive source. RS Platou ASA cannot accept any responsibility whatsoever for direct or consequential losses arising from the use of this document or its contents even in the event of errors. This report is confidential and the reproduction, distribution and/or republication of this report or its contents is strictly forbidden without prior and express approval from RS Platou ASA. Unauthorized reproduction, distribution and/or republication of this publication will be subject to legal action.
RS Platou ASA page 3
Despite a decrease in day rates in most segments during the start of this year it is very important to highlight the difference between January 2011
and January 2012. It is a far stronger start to the year for owners that it has been in recent times. The main reason for the stronger start to 2012 is
the relatively strong ending to the last quarter of 2011.
There was steady rig move activity on both sides of the water in January but very rarely was the market stressed due to availability. Large PSVs
have been in the highest demand at the start of the year and this has been reflected in average day rates showing a slight increase from the
previous month.
NORTH SEA SPOT CHARTERING
GLOBAL SUPPORT VESSEL MONTHLY
2012 % Change
PSV 500-899 m2 5,984 12,243 11,198
February 2012 OFFSHORE RESEARCH REPORT
North Sea PSV Fixtures per Week vs Spot Rate North Sea PSV Spot Market - Annual Averages
PSV 900+ m2 8,999 16,062 16,269 7,958 10,258
17,921 -40.6 %
11,507 20.8 % 10,221 10,258 0.4 %
FY Ave FY Ave YTD Ave YTD Ave Prior
% Change 2011
3 Month MA
17,921 23,483 52.1 %
2010 2011 2012 % Change
8,686 17.5 % 8,274 7,400 -10.6 %
32,835 8,440
3 Months % Change 2011
FY Ave 3 Month MA Dec Jan
7,4003,400
FY Ave YTD Ave YTD Ave Prior
Dec Jan 1 Month
14,788 48.3 % 17,500 10,518 -39.9 %
GBP Rates 2009
FY Ave
AHTS 10-15,999 BHP 15,731 14,966 21,289 5,594 10,518
2011
30,194
2012 3 Months
AHTS 16,000+ BHP 20,592 17,935
1 Month
GBP Rates 2009 2010 2011 2011 2012
North Sea AHTS Fixtures per Week vs Spot Rate North Sea AHTS Spot Market - Annual Averages
PSV DAY RATES
FY Ave
AHTS DAY RATES
-
5
10
15
20
25
30
35
40
45
50
-
20
40
60
80
100
120
140
160
2Q
10
3Q
10
4Q
10
1Q
11
2Q
11
3Q
11
4Q
11
1Q
12
Fixtures GBP '000
Fixtures 16,000+ BHP 10-15,999 BHP
0
10
20
30
40
50
60
70
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
GBP '000
16,000+ BHP 10-15,999 BHP
-
5
10
15
20
25
30
35
40
45
-
5
10
15
20
25
30
35
40
45
2Q
10
3Q
10
4Q
10
1Q
11
2Q
11
3Q
11
4Q
11
1Q
12
Fixtures GBP '000
Fixtures 900+ m2 500-899 m2
0
5
10
15
20
25
30
35
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
GBP '000
900+ m2 500-899 m2
Overview
North Sea Term Contract Activity
RS Platou ASA page 4
9,750
13,000
23,000
North Sea AHTS Average Term Fixture Rates
Jan
14,917 17,563 16,000 18,000 17,250
FY Ave FY Ave YTD Ave
8,917 9,000 9,750
Dec
12,000
2012
9,750
North Sea PSV Average Term Fixture Rates
Jan
32,500
AHTS 10-15,999 BHP
10,021 12,417 10,500 12,500
2011 2012
AHTS 8-9,999 BHP
PSV 900+ m2
AHTS 16-19,999 BHP 16,083
GBP Rates 2012
17,000
FY Ave FY Ave YTD Ave YTD Ave
23,000
11,625 11,000 13,000 13,000
22,500
AHTS 20,000+ BHP 23,250 25,000 32,500
PSV 750-899 m2 12,008 13,875 13,000 13,500
TERM CHARTERING - NORTH SEA
2010 2011 2011
GLOBAL SUPPORT VESSEL MONTHLY February 2012 OFFSHORE RESEARCH REPORT
2011
YTD Ave Dec
2010 2011 2011
30,000
12,500
13,500
18,000
13,000
2012
PSV 500-749 m2
It’s quite remarkable how the dawning of a New
Year has changed the sentiment of the North Sea
PSV term market. Activity was slow and limited
during the last couple of months of 2011; whilst in
complete contrast the first couple of months of
2012 have turned in to a chartering frenzy. Most of
the demand is emanating from short to medium
term requirements for drilling, and is supplemented
by some pipe lay support work that will last for 2 –
3 months. All the activity has given owners’
confidence a real boost, and like several past years,
we see significant differences between term rate
aspirations and current spot rate reality. As much
of the activity will be seasonal, and there will be a
steady stream of newbuild PSVs delivering over the
coming months, the underlying strength may be
tested during the latter half of 2012. The eventual
outcome may largely be dictated by the level of
demand arising from other areas.
GBP Rates
9,646
12,463
20,250
28,542
0
5
10
15
20
25
30
0
5
10
15
20
25
30
00 01 02 03 04 05 06 07 08 09 10 11
GBP '000 GBP '000
1,500 - 2,199 dwt 500-749 m2 2,200 - 3,099 dwt
750-899 m2 3,100+ dwt 900+ m2
0
5
10
15
20
25
30
35
40
45
0
5
10
15
20
25
30
35
40
45
00 01 02 03 04 05 06 07 08 09 10 11
GBP '000 GBP '000
8-9,999 BHP 10,000+ BHP 10-15,999 BHP
16-19,999 BHP 20,000+ BHP
0
20
40
60
80
100
120
140
160
180
00 01 02 03 04 05 06 07 08 09 10 11
No of Vessels
PSV vessels on Term contract in the North Sea
AHTS vessels on Term contract in the North Sea
South America AHTS Average Term Fixture Rates South America PSV Average Term Fixture Rates
West Africa AHTS Average Term Fixture Rates West Africa PSV Average Term Fixture Rates
2346
RS Platou ASA page 5
28,500 28,500
54,000 64,000 64,000 64,000AHTS 21,000 BHP
USD Rates
USD Rates
PSV 500-749 m2
USD Rates
Dec Jan
2011
The activity in Africa has continued where it left off in 2011, with increasing dayrates. The main focus continues to be on the strong need for DP II
PSVs. Recent activity in the Nigerian market has been that Total is out for a large PSV for one year firm and also Transocean is searching for a
medium PSV for 4 months to support the JU GSF Baltic. In Angola, Sonangol requires one medium size PSV to support the JU Perro Negro 6 for 1-2
months operation.
The main talking point in Ghana is that Hess has fixed a PSV, and may take another, at elevated rate levels to support the DS Stena Drillmax. ENI
Mozambique is currently outstanding in East Africa for a medium sized PSV for one year with March delivery. Although, there is less activity in the
AHTS market than the PSV market, the AHTS market has remained stable with Perenco Gabon entering the market for three 60 tonnes BP AHTS to
support JU Trident VIII.
USD Rates
47,500
19,500 20,000
February 2012
TERM CHARTERING - SOUTH AMERICA (BRAZIL)
AHTS 7,000 BHP
AHTS 12,000 BHP
YTD Ave
The Brazilian market is influenced by great expectations to the ongoing long term tenders from Petrobras, Brazil, which are calling for three
different categories of AHTS (AHTS 12.000, AHTS 15.000TS, AHTS 18.000TS) as well as oil recovery vessels. It is expected that Petrobras might
charter as many as 10 vessels in total for the AHTS tenders, and 6 vessels within the oil recovery category to fulfill their demand of operation. All
AHTS has delivery within June 2012 while the OSRV has delivery in September 2012 and March 2013. Further on it is expected that Petrobras will
publish a new tender for PSV 3000 as well as for a SESV ( subsea equipment support vessel) for installation of Christmas trees and subsea
equipment.
IOCs are maintaining high activity with new spot requirements as well as spot and term fixtures of both PSV and AHTS.
YTD Ave YTD Ave
21,000
16,750
PSV 500-750 m2
34,000 34,000
42,000 42,000
47,500
2011
TERM CHARTERING - EAST AND WEST AFRICA
30,000
GLOBAL SUPPORT VESSEL MONTHLY
17,500
31,000
2012 2011 2012
YTD Ave
AHTS 18,000 BHP
16,250
36,500 42,000
39,000
27,000 31,000
11,500
47,500
AHTS 5,150 BHP
AHTS 16,000 BHP
2012
OFFSHORE RESEARCH REPORT
30,500 34,000
16,500
2011 2012
24,500 30,000 30,00021,000
YTD Ave YTD Ave Dec Jan
21,000
31,000
16,000
AHTS 10,000 BHP
AHTS 12,000 BHP 19,500
11,500 11,500 25,000 23,500 25,000
PSV 900+ m2
2011 2012
Dec Jan
AHTS 15,000 BHP
2012
19,000
2011
28,500
YTD Ave YTD Ave Dec Jan
2011 2012 2011 2012
10,000
13,750 16,500
0
10
20
30
40
50
60
70
0
10
20
30
40
50
60
70
02 03 04 05 06 07 08 09 10 11
USD '000 USD '000
7,000 BHP 12,000 BHP 15,000 BHP
18,000 BHP 21,000 BHP
0
5
10
15
20
25
30
35
40
0
5
10
15
20
25
30
35
40
02 03 04 05 06 07 08 09 10 11
USD '000 USD '000
500-750 m2 900+ m2
0
5
10
15
20
25
30
35
40
0
5
10
15
20
25
30
35
40
02 03 04 05 06 07 08 09 10 11
USD '000 USD '000
500-749m2
0
5
10
15
20
25
30
35
40
45
50
0
5
10
15
20
25
30
35
40
45
50
02 03 04 05 06 07 08 09 10 11
USD '000 USD '000
5,150 BHP 10,000 BHP 12,000 BHP 16,000 BHP
US Gulf PSV Average Term Fixture Rates US Gulf AHTS Average Term Fixture Rates
SE Asia AHTS Average Term Fixture Rates
#####
RS Platou ASA page 6
- 11,750 11,750
2012
11,750
TERM CHARTERING - US GULF
USD Rates
AHTS 5,000 BHP
AHTS 10,000 BHP
AHTS 12,000 BHP
USD Rates
PSV 500-749 m2 9,975
US Gulf of Mexico (US GoM) has commenced 2012 with the highest level of deepwater activity since the Macondo incident in April 2010. Activity
is currently underway with 36 drilling units at locations operating in water depths exceeding 1000ft/305m. This activity is being conducted by 17
E&P companies, with Shell & BP accounting for nearly 38% of the activity. Current demand for deepwater tonnage vs. available supply has
contributed to rising day rates and higher utilization within the premium supply vessel sector. This trend is expected to continue throughout 2012.
Smaller shelf market tonnage has realized only a slight increase in both rates and utilization over recent months, but it is expected market
conditions will improve for operators of this tonnage as increase in seasonal charters start in early spring.
USD Rates
AHTS <8,000 BHP
- 16,550PSV 750-899 m2
PSV 900+ m2
2011 2012
YTD Ave YTD Ave Dec
OFFSHORE RESEARCH REPORT
21,120 20,750 21,120
Jan
2011 2012
YTD Ave
AHTS 8-11,999 BHP
2012 2011
16,550
9,975
AHTS 12,000+ BHP
GLOBAL SUPPORT VESSEL MONTHLY February 2012
20122012
YTD Ave YTD Ave Dec
8,000 9,000 9,000 9,000
13,000 14,500 14,500 14,500
Dec
TERM CHARTERING - SOUTHEAST ASIA
47,500
9,111 9,925
31,500
16,550
- 47,500 46,500
2011
30,750
Jan
2011
18,000 17,000 18,000 14,000
AHTS 7,000 BHP 9,131 10,000 10,000 10,000
AHTS 8,000 BHP 10,435 11,750 11,750 11,750
Jan
2011
16,750
21,543 31,500
YTD Ave
Several tenders and market surveys in both Asia and Australia remain
uncovered at present. A significant amount of smaller vessels remain
available in the region whilst the availability of sophisticated vessels is
more restricted, although some newbuilds are due for delivery within
Asia over the coming months. On the large AHTS side the UOS Columbia
and Skandi Pacific are still in Vietnam supporting the SS Ocean Monarch.
Thereafter the rig undergoes maintenance before beginning a 4 year
commitment with Niko Resources in Indonesia from mid 2012. Niko has
issued a tender for two large AHTS and one large PSV to support their
operations with submissions due in Mid February. MPRL has committed
the AHTS vessels Executive Honour and Executive Pride on a 60 day
charter offshore Myanmar in support of the SS Doo Sung. Upon
completion of this commitment the rig will work in Sakhalin for the
season. The Executive Honour has recently been working in Malaysia on
behalf of Petronas.
The PSV Toisa Serenade is still with Shell Malaysia until March with
possible options supporting Seadrill's JU Offshore Courageous. The ROV
Toisa Wave remains uncommitted and is available ex Singapore. Murphy
meanwhile has the large PSVs Greatship Maya and Pacific Hawk on short
term contracts. Also, in Malaysia, both the AHTS vessels Maersk Supplier
and Maersk Seeker are soon to finish their Charter with the SS Atwood
Falcon for Shell Sarawak. The large PSV Stanford Hobby has now been
delayed slightly untill the end of February in China. Also, the newbuild
PSV OOC Leopard shall be delivered in April 2012 from Italthai Shipyard
in Bangkok and is available thereafter. The sister vessel OOC Tiger is due
to deliver from the same yard later in the year.
0
5
10
15
20
25
30
35
40
45
0
5
10
15
20
25
30
35
40
45
06 07 08 09 10 11
USD '000 USD '000
500-749 m2 750-899 m2 900+ m2
0
5
10
15
20
25
30
35
40
45
0
5
10
15
20
25
30
35
40
45
02 03 04 05 06 07 08 09 10 11
USD '000 USD '000
5,000 BHP 7,000 BHP 8,000 BHP
10,000 BHP 12,000 BHP
# 3# 2# 5# 4# 7# 6# 9# 8
Numbers in USDm
2 53 64 75 96 #7 #
Numbers in USDm
8 #9 ## ## #
Numbers in USDm
RS Platou ASA page 7
SECOND-HAND VALUES
2011
57.0 -1.7 %1,000+ m2 RESALE 58.0 58.0 58.0 58.0
55.0
33.0 17.9 %
UT 745 1996 25.0 25.0 25.0 24.0 23.0 -8.0 %
UT 755-LN RESALE 28.0 28.0 28.0 32.5
2012 % change
UT 755-L 1998 18.0 18.0 18.0 18.0 18.0 0.0 %
Size Age 2011 2012 2011
Jan Dec
16,000 BHP 2006 53.0 54.0 53.0
Jan 1 year
31.0 30.0 29.0 -6.5 %
12,000 BHP RESALE 29.0 31.0 29.0
1 year
25,000 BHP 2000 82.0 85.0 82.0 86.0
31.0 29.0
2012 2011 2011
85.0 3.7 %
PSV Overview PSV Value Development
YTD YTD Jan Dec Jan
54.0
% change
12,000 BHP 1992 14.0 15.5
OFFSHORE RESEARCH REPORTGLOBAL SUPPORT VESSEL MONTHLY
14,000 BHP 1998
Small AHTS Value Development
February 2012
12.8 12.0
YTD YTD Jan Dec Jan 1 year
Size Age 2011 2012 2011 2011 2012 % change
19.0 18.0
16.5 16.0
5,000 BHP 5 yrs old 10.0 9.5 10.0 9.5
18.0 -5.3 %
7,000 BHP 5 yrs old
9.5 -5.0 %
5,000 BHP RESALE
YTD YTD
Medium & Large AHTS Value Development
AHTS Second-Hand Market
PSV Second-Hand Market
Small AHTS Overview
8,000 BHP RESALE 24.0 22.5 24.0 22.5 22.5 -6.3 %
10,000 BHP 5 yrs old 23.5 23.5 23.5 23.5 23.5 0.0 %
16.5 16.0 16.0 -3.0 %
7,000 BHP RESALE 19.0 18.0
47.0 45.0 47.0 45.0 45.0 -4.3 %
8,000 BHP 5 yrs old 18.5 17.3 18.5 17.3 17.3 -6.8 %
10,000 BHP RESALE 29.0 29.0 29.0 29.0 29.0 0.0 %
31.0
14.0 13.0 15.5 10.7 %
Size Age 2011
1998
12.8 12.0 12.0 -5.9 %
6.9 %30.0
2012
Medium & Large AHTS Overview
1.9 %
18,000 BHP
0
5
10
15
20
25
30
35
0
5
10
15
20
25
30
35
09 10 11
USDm USDm
5,000 BHP, 5 years ols 5,000 BHP, RESALE
8,000 BHP, 5 years old 8,000 BHP, RESALE
10,000 BHP, 5 years old 10,000 BHP, RESALE
0
10
20
30
40
50
60
70
80
0
10
20
30
40
50
60
70
80
02 03 04 05 06 07 08 09 10 11
USDm USDm
1,000+ m2, RESALE UT 755-L, 1998
UT 755-LN, RESALE UT 745, 1996
0
10
20
30
40
50
60
70
80
90
100
0
10
20
30
40
50
60
70
80
90
02 03 04 05 06 07 08 09 10 11
USDm USDm
12,000 BHP, 1992 12,000 BHP, RESALE
14,000 BHP, 1998 16,000 BHP, 2006
18,000 BHP, 1998 25,000 BHP, 2000
*
*
*When presenting the newbuilding activity we only consider AHTS and PSV vessels. Vessels below 50m LOA are excluded from the fleet, as well as
AHTS vessels below 4.000 BHP and PSV vessels below 1.000 dwt.
NB: As newbuilding prices for the larger vessels reflects NOR tonnage and reported in USD, the NOK/USD exchange rate has an impact.
RS Platou ASA page 8
PSV Total 30 70
74 0 0 18 1
4 2
AHTS 16-19,999 BHP 0 8
AHTS 10-15,999 BHP
PSV 750-899 m2 35 1 4 2 0
Total
PSV <500 m2 2 16
AHTS 4-7,999 BHP 6 83
Total New Orders 254 18 21 29 8
0
PSV Total 146
27
PSV 750-899 m2 2 13
PSV 900+ m2 18
0 3
AHTS 8-9,999 BHP 0 5
171
PSV 900+ m2
PSV 500-749 m2 8
40
14
8 7 22 5 7
21
AHTS Total 10 101
AHTS 20,000+ BHP
4
PSV 500-749 m2 24 2 3 2 4
14
PSV <500 m2 13 5 0 0 0 0
AHTS Total 108 10 14 7 3
3
AHTS 20,000+ BHP 4 0 0 0 0 0
AHTS 16-19,999 BHP 6 0 0 0 0
0
AHTS 10-15,999 BHP 16 2 0 2 3 0
AHTS 8-9,999 BHP 6 0 0 1 0
0
AHTS 4-7,999 BHP 76 8 14 4 0 14
2011 2011 2012 2011 2011
Supply Vessel New Orders PSV Newbuilding Prices
FY YTD YTD Nov Dec Jan
2012
PSV Total 273 138 96 39
Total Orderbook 496 319 132 45
PSV 750-899 m2 52 19 23 10
PSV 900+ m2 136 64 46 26
PSV <500 m2 33 26 7 0
PSV 500-749 m2 52 29 20 3
AHTS 20,000+ BHP 14 9 4 1
AHTS Total 223 181 36 6
AHTS 10-15,999 BHP 35 26 7 2
AHTS 16-19,999 BHP 26 19 5 2
AHTS 4-7,999 BHP 133 112 20 1
AHTS 8-9,999 BHP 15 15 0 0
NEWBUILDING ACTIVITY
Supply Vessel Orderbook AHTS Newbuilding Prices
Total 2012 2013 2014+
GLOBAL SUPPORT VESSEL MONTHLY February 2012 OFFSHORE RESEARCH REPORT
Supply Vessel Newbuildings by Country
Brazil China
0
5
2
0
3
10
12
7
4
Total
133
15
35
26
14
223
33
52
52
136
273
496
Others
15
1
7
8
3
34
3
16
14
17
50
84
United States
2
0
3
0
0
5
0
0
0
39
39
44
Singapore
15
3
4
10
0
32
0
4
0
2
6
38
Norway
0
0
0
0
2
2
0
1
11
31
43
45
Malaysia
9
0
3
0
0
12
0
2
5
0
7
19
Indonesia
3
1
13
0
0
17
0
0
3
0
3
20
India
2
25
35
0
20
40
60
80
100
120
0
20
40
60
80
100
120
02 03 04 05 06 07 08 09 10 11
USDm USDm
5,000 BHP 8,000 BHP
12,000 BHP 14,000 BHP (NOR TONNAGE)
18,000 BHP (NOR TONNAGE) 23,000+ BHP (NOR TONNAGE)
0
10
20
30
40
50
60
70
80
0
10
20
30
40
50
60
70
80
02 03 04 05 06 07 08 09 10 11
USDm USDm
500-750 m2 (NOR TONNAGE) 900+ m2 (NOR TONNAGE)
*
*
*
*When presenting the global fleet we only consider AHTS and PSV vessels. Vessels below 50m LOA are excluded from the fleet, as well as
AHTS vessels below 4.000 BHP and PSV vessels below 1.000 dwt.
RS Platou ASA page 9
1 year
10.9 %
9.8 %
10.8 %
12.5 %
0.0 %
5.9 %
2011
966
184
North Sea (incl. Barents/Baltic) 198 202
168
989
2585
Global AHTS Fleet Locator
West- and South-Africa
204
77
646
1044 1067
2.3 %
0.0 %
62
1768
2011 2012
111 112 0.9 %
Australia and New Zealand
Total
0.9 %
2.8 %
1 month
% change
0.0 %
Global PSV Fleet Locator
Dec Jan 1 month
16
7.1 %
Mediterranean
2.5 %
1.8 %
172 174 1.2 %
19 21
2.0 %
South America
North Sea (incl. Barents/Baltic)
South America
% change
1737
Jan
2011
West- and South-Africa 127 127 0.0 %
Mediterranean
19.6 %
7.9 %
9.7 %
10.5 %
Caspian Sea
320 332 3.8 %
OFFSHORE RESEARCH REPORT
GLOBAL FLEET
Fleet Development
AHTS 4-7,999 BHP
YTD
Deliv.
9
YTD
Scrap
Total
293
92
61
1596
2 12.0 %
PSV Total
329
424
68
0
Jan
0
0
1
8
14
32
% change
11.9 %
Jan
2012
1081
206
312
102
6.5 %
North America
67
1768
370
424
72
201
1067
2835
2012
104
151
110
Dec
February 2012
4.1 %
2.1 %
3.3 %
Jan
133
25
AHTS 8-9,999 BHP
2
AHTS 10-15,999 BHP
AHTS 16-19,999 BHP
AHTS 20,000+ BHP
AHTS Total
PSV <500 m2
PSV 500-749 m2
PSV 750-899 m2
PSV 900+ m2
Caspian Sea
Middle East
India
Far East
Australia and New Zealand
Total
North America
60
AVG.
2011
-1.9 %
2.2 %
Far East
8 8 0.0 %
Middle East 59 60 1.7 %
India
16 0.0 %
256
154
109
249
130
25
199
74
633
2
0
18
3
2011
5
14 15
104
GLOBAL SUPPORT VESSEL MONTHLY
0%
2%
4%
6%
8%
10%
12%
14%
16%
18%
20%
0%
2%
4%
6%
8%
10%
12%
14%
16%
18%
20%
2002 2003 2004 2005 2006 2007 2008 2009 2010 2011
Y-on-Y
% change Y-on-Y
% change
AHTS PSV
North Sea (incl. Barents/Baltic)
6 % South America 9 %
North America 6 %
West- and South-Africa 14 %
Mediterranean 8 %
Caspian Sea 1 %
Middle East 12 %
India 4 %
Far East 37 %
Australia and New Zealand
3 %
North Sea (incl. Barents/Baltic)
19 %
South America 16 %
North America 31 %
West- and South-Africa 12 %
Mediterranean 2 %
Caspian Sea 1 %
Middle East
6 %
India 2 %
Far East 10 %
Australia and New Zealand
1 %
23456789#
NOTE: The graph presents 12 months historical estimates for the Annual GDP Growth in 2010, 2011
and 2012
Jackup Demand
North Sea - UK
North Sea - Other
North Sea - Total
US Gulf
South America
West-/South-Africa
Pacific Rim
India
Middle East/East Africa
Other
Total
Floater Demand
North Sea - UK
North Sea - Norway
North Sea - Total
US Gulf
South America
West-/South-Africa
Pacific Rim
Other
Total
Total Demand
RS Platou ASA page 10
Dec
2011
110.8
100.3
2.4
YTD
2011
96.5
89.2
4.5
YTD Dec
2011
46.8
44.2
91.0
OECD 45.7 #DIV/0!
Non OECD 42.4 #DIV/0!
World Oil Consumption 88.1 #DIV/0!
1 year
% change
90.0
Crude Oil Supply and Demand
YTD YTD
Demand in mbd 2011 2012
2011 2012 2013
#DIV/0!World Oil Production 89.0
#DIV/0!
World Economy - Real GDP growth (%)
Supply in mbd
3.4 4.1 4.1
Japan 1.4
China 8.3 8.3 8.6 8.6
Korea 3.4
3.8 3.7
6
2.5
Dec Jan
2.5
Jan
US 2.0 2.11.8
3.3 3.9 3.9
8.2
South America
EU
3.7 3.7
2.0 1.8 1.4
18
72
34
3.6
Russia 3.7
3.6
9
8.2India
1.0 1.0
3.7
World 3.5
26
27
Dec
2011
71
6
5.9 %
3.4 %
4.5 %
-0.5 %
0.0 %
0.0 %
1.8 %
1.9 %
1.5 %
-20.0 %
83
16
23
41
18
18
27
Jan
2011
1 month
% change
Nov
2011
98.6
3.2
7.7 7.6
47
-0.2 -0.4
Dec
13
23
42
35
NovJan
2011
14
21
38
31
Rig Activity
#DIV/0!
#DIV/0!
202 223 223 0.2 %
17
22
39
71
6
21
80
505 576 578 0.4 %
303 353 355 0.5 %
28
1716
Dec
2011
11
1 month
% change
-17.9 %
0.0 %
7.9 %
6.3 %
38
35
73
32
#DIV/0!
0.0 %
-9.2 %
-0.2 %
1.9 %
23
82
21
27
96
12
GLOBAL SUPPORT VESSEL MONTHLY February 2012 OFFSHORE RESEARCH REPORT
DEMAND INDICATORS
Oil and Gas Prices
Henry Hub
WTI
Brent Dated
USD End Month
Jan
2012
110.8
100.3
2.4
108.0
72
2012
27
94
15
2011
64
26
16
Dec Jan
32
1.5
-0.7
9.2
3.6
7.3
4.6
4.0
3.8
1.8
1.6
-0.5
9.2
3.6
7.4
4.3
4.0
3.8 3.0
3.2
3.4
3.6
3.8
4.0
4.2
4.4
4.6
4.8
5.0
3.0
3.2
3.4
3.6
3.8
4.0
4.2
4.4
4.6
4.8
5.0
Annual
% Change Annual
% Change
2011 Year End 2012 Year End 2013 Year End
0
2
4
6
8
10
12
14
16
0
20
40
60
80
100
120
140
160
02 03 04 05 06 07 08 09 10 11 12 13
USD USD
Brent Dated Spot Future
Henry Hub Spot Future
65
70
75
80
85
90
95
-6
-4
-2
0
2
4
6
8
10
12
14
02 03 04 05 06 07 08 09 10 11
mbd Y-on-Y
% Change
YOY WORLD (%) YOY 3M WORLD (%) WORLD (mbd)
0
50
100
150
200
250
300
350
400
0
50
100
150
200
250
300
350
400
02 03 04 05 06 07 08 09 10 11
No. of Rigs No. of Rigs
Jackup Demand Floater Demand
RS Platou ASA page 11
COMMENT
Utilization (%) 87 80 87 80 -8.1 %
Changes in the North Sea Supply Vessel Fleet January 2012TYPE NAME SIZE IN/OUT TO/FROM
PSV SKANDI FALCON 845 m2 deck OUT Australia
PSV ASSO VENTICINQUE 720 m2 deck OUT Libya
AHTS MAERSK TRAVELLER 15,540 BHP OUT Ghana
AHT ERACLEA 8,158 BHP OUT United States
AHT BOA MIGHTY 6,906 BHP OUT Qatar
AHT VM LEGEND 6,906 BHP OUT India
Newbuilding
PSV NORMAND ARCTIC 1,100 m2 deck IN Newbuilding
PSV OLYMPIC COMMANDER 1,060 m2 deck IN
Newbuilding
PSV BLUE FIGHTER 850 m2 deck IN Newbuilding
PSV F.D. REMARKABLE 716 m2 deck IN
PSV SKANDI WAVENEY 686 BHP IN Brazil
AHTS REM GAMBLER 32,600 BHP IN Angola
Newbuilding
AHTS BRAGE VIKING 19,000 BHP IN Newbuilding
AHT FAIRPLAY-32 8,158 BHP IN
80
-6.4 %
Supply 271 276 271 276 276 1.8 %
Fleet Utilization
Supply 81 80 81 80 80 -1.2 %
-2.6 %
Total
Demand 236 221 236 222 221
Utilization (%) 93 90 93 88 90
1.2 %
Supply 179 186 179 186 186 3.9 %
10 10
-20.2 %
PSV
Demand 166 168 166 164 168
Utilization (%) 81 65 81 70 65
AHTS
Demand 66 52 66 56 52 -21.2 %
-9.1 %
Utilization (%) 36 10 36 20 10 -72.5 %
Supply 11 10 11
1 4 2 1 -75.0 %
AHT 2011 2012 2011 2011 2012
YTD YTD Jan Dec Jan 1 year
1
AHTS 29 23 21 6 1
Term Spot Avl. Yard Lay-Up
AHT 1
% change
Total 168 53 38 13 4
PSV 138 30 11
0 6 2
February 2012 OFFSHORE RESEARCH REPORT
4
GLOBAL SUPPORT VESSEL MONTHLY
NORTH SEA - SUPPLY, DEMAND AND UTILIZATION
Total North Sea Fleet Overview North Sea Supply Vessel Fleet (AHT, AHTS & PSV)
5 2
Demand 0
50
100
150
200
250
300
2007 2008 2009 2010 2011
Term Spot Work Avl. Yard/Lay-Up
40%
50%
60%
70%
80%
90%
100%
40%
50%
60%
70%
80%
90%
100%
2007 2008 2009 2010 2011
AHTS PSV Total
RS Platou ASA page 12
1.8 %
Supply 178 185 178 184 185 3.8 %
-2.8 %
Total
Demand
-2.1 %Utilization (%) 93 91 93 89 91
165 168 165 163 168
Utilization (%) 98 95 98 96 95
11.5 %
Supply 87 101 87 99 101 13.9 %
-0.4 %
900+ m2
Demand 85 96 85 95 96
Utilization (%) 92 92 92 88 92
PSV Fleet UtilizationSupply 25 24 25 25 24 -4.2 %
750-899 m2
Demand 23 22 23 22 22 -4.5 %
10.0 %
Utilization (%) 86 83 86 77 83 -3.6 %
Supply 66 60 66 60 60
% change
Demand 57 50 57 46 50 14.0 %
500-749 m2 2011 2012 2011 2011 2012
YTD YTD Jan Dec Jan 1 year
Total 138 30 10 5 2
900+ m2 88 8 2 3 0
750-899 m2 14 8 1 1 0
500-749 m2 36 14 7 1 2
-14.4 %
NORTH SEA SUPPLY VESSEL ACTIVITY - PSV
PSV North Sea Fleet Overview PSV North Sea Fleet
Term Spot Avl. Yard Lay-Up
Utilization (%) 84 69 81 75 69
-18.8 %
Supply 76 75 79 75 75 -5.1 %
-29.9 %
Total
Demand 64 52 64 56 52
Utilization (%) 97 68 97 79 68
-36.7 %
Supply 31 28 31 28 28 -9.7 %
-19.9 %
20.000+ BHP
Demand 30 19 30 22 19
Utilization (%) 77 62 77 75 62
AHTS Fleet UtilizationSupply 22 21 22 20 21 -4.5 %
16-19.999 BHP
Demand 17 13 17 15 13 -23.5 %
0.0 %
Utilization (%) 74 77 65 70 77 17.6 %
Supply 23 26 26 27 26
% change
Demand 17 20 17 19 20 17.6 %
10-15.999 BHP 2011 2012 2011 2011 2012
YTD YTD Jan Dec Jan 1 year
Total 29 23 16 6 1
20,000+ BHP 5 14 7 2 0
1
16-19,999 BHP 10 3 6 2 0
Term Spot Avl. Yard Lay-Up
10-15,999 BHP 14 6 3 2
February 2012 OFFSHORE RESEARCH REPORT
NORTH SEA SUPPLY VESSEL ACTIVITY - AHTS
AHTS North Sea Fleet Overview AHTS North Sea Fleet
GLOBAL SUPPORT VESSEL MONTHLY
0
10
20
30
40
50
60
70
80
90
100
2007 2008 2009 2010 2011
Term Spot Work Available Yard/Lay-Up
40%
50%
60%
70%
80%
90%
100%
40%
50%
60%
70%
80%
90%
100%
2007 2008 2009 2010 2011
10-15.999 BHP 16-19.999 BHP 20.000+ BHP
40%
50%
60%
70%
80%
90%
100%
40%
50%
60%
70%
80%
90%
100%
2007 2008 2009 2010 2011
500-749 m2 750-899 m2 900+ m2
0
20
40
60
80
100
120
140
160
180
200
2007 2008 2009 2010 2011
Term Spot Work Available Yard/Lay-Up
Recent FixturesNAME CHARTERER COUNTRY COMMENT
1 REM FORTRESS m2 deck ADTI UK GBR 6 Months SUPP. JU ROWAN NORWAY
2 BRAGE SUPPLIER m2 deck ALLSEAS NL NLD 2 Months PIPEHAUL LAGGAN
3 BOURBON FRONT m2 deck ALLSEAS NL NLD 2 Months PIPEHAUL LAGGAN
4 OCEAN PRIDE m2 deck ALLSEAS NL NLD 2 Months PIPEHAUL LAGGAN
5 EDDA FREYA m2 deck ALLSEAS NL NLD 2 Months PIPEHAUL LAGGAN
6 EDDA FRIGG m2 deck ALLSEAS NL NLD 2 Months PIPEHAUL LAGGAN
7 BLUE FIGHTER m2 deck APACHE UK GBR 12 Months 1 YEAR FIRM + 1 YEAR OPT
8 ACADIAN SEA m2 deck APACHE UK GBR 12 Months GEN.SUPP.
9 HAVILA FORTUNE m2 deck E.ON RUHRGAS AG DEU 3 Months SUPP. JU ENSCO 100
# F.D. REMARKABLE m2 deck ENQUEST UK GBR 9 Months 9 M FIRM + 2 X 3 M OPT
# E.R. KRISTIANSAND m2 deck ENQUEST UK GBR 9 Months 9 M FIRM + 2 X 3 M OPT
# STRIL ORION m2 deck MARATHON N NOR 3 Months SUPP. SS WINNER
# TROMS CASTOR m2 deck MOG DK DNK 2 Months 60 DAYS FIRM + D/D 30
# EDDA FREYA m2 deck NORECO DK DNK 1 Month 1 WELL JU M. RESOLVE (LUNA)
# ESVAGT ECHO NORECO DK DNK 1 Month STBY JU M. RESOLVE
# SKANDI WAVENEY m2 deck PETERSON NL NLD 12 Months GEN.SUPP.
# PORTOSALVO m2 deck PETERSON NL NLD 12 Months 1 YEAR FIRM + 2 X 1 YEAR OPT
# DURGA DEVI m2 deck RWE DEA UK LTD GBR 6 Months 4 WELLS FIRM + 5 X 1 WELL OPT
# SBS TYPHOON m2 deck RWE DEA UK LTD GBR 4 Months SUPP JU ENSCO 92
# SKANDI FOULA m2 deck SHELL UK GBR 60 Months GEN.SUPP.
# SKANDI RONA m2 deck SHELL UK GBR 60 Months GEN.SUPP.
# ESVAGT CONNECTOR STATOIL FAROE NOR 4 Months STBY DP SS COSL PIONEER
# HAVILA CLIPPER m2 deck STATOIL N NOR 6 Months OPT DECL GEN.SUPP.
# KL BROFJORD m2 deck STATOIL FAROE NOR 4 Months SUPP DP SS COSL PIONEER
# VOS OCEAN TALISMAN UK GBR 3 Months STBY
# F.D. INDOMITABLE m2 deck TAQA UK GBR 7 Months 7 M FIRM + 2 X 1 M OPT
# SOLVIK SUPPLIER m2 deck TOTAL UK GBR 2 Months 45 D FIRM + 2 X 1 WEEK OPT
#
#
#
#
#
#
#
#
#
#
Recent ExtensionsNAME CHARTERER COUNTRY COMMENT
# HAVILA CRUSADER m2 deck BP N NOR 2 Months SUPPLY DUTIES
# FAR SERVER m2 deck CONOCOPHIL. N NOR 2 Months GEN.SUPP.
# GRAMPIAN EXPLORER m2 deck MARATHON UK GBR 12 Months GEN.SUPP.
#
#
#
#
#
#
#
#
#
#
#
#
#
Outstanding Requirements
RS Platou ASA page 13
31.01.2012
START
23.02.2012
01.02.2012
01.02.2012
START
15.02.2012
01.04.2012
01.04.2012
01.04.2012
01.04.2012
01.04.2012
07.02.2012
15.01.2012
15.03.2012
15.02.2012
15.02.2012
15.03.2012
01.02.2012
03.02.2012
03.02.2012
20.01.2012
06.01.2012
01.03.2012
16.01.2012
01.04.2012
01.04.2012
15.05.2012
31.03.2012
15.05.2012
01.01.2012
15.02.2012
February 2012 OFFSHORE RESEARCH REPORT
NORTH SEA SUPPLY VESSEL ACTIVITY - RECENT FIXTURES
TYPE PERIOD
Months STBY SS TO ARCTIC 10 W. FIRM+5 OPT W.
PSV WINTERSHALL N 01.07.2012 15
PERIOD
STBY WINTERSHALL N 01.07.2012 15
GLOBAL SUPPORT VESSEL MONTHLY
PSV
2
STBY CONOCOPHIL. N 15.06.2012 1
PSV
1,102
716
PSV CENTRICA UK 01.02.2012 3
Months
Months
Months
PSV
PSV
PSV
PSV
PSV
PSV
PSV
Months
STBY HESS UK 01.03.2012 7 Months
PSV
PSV
PSV
PSV
PSV
Months SUPP SS TO ARCTIC 10 W. FIRM+5 OPT W.
PSV TOTAL UK 01.03.2012 36 Months SUPP WEST PHOENIX WEST OF SHETLAND
PSV TALISMAN UK 01.03.2012 12 Months 12 OR 15 MONTHS + OPTS - SEDCO 704 / 711
PSV STATOIL N 01.03.2012 2 Months PSV 800-1000 M2, 6 MOS+2X6 OR 3 MOS+3
ERRV SS WILPHOENIX
STBY EOG RESOURCES UK 09.04.2012 2 Months ERRV SEAFOX 1 - EAST IRISH SEA
6
STBY DUTIES BALDERSTBY CONOCOPHIL. N 15.05.2012 2
PETERSON NL 01.04.2012
Month STBY DUTIES THIALF
DP2 PSV FOR W2W 180 DS OR 18 MOS FIRM
PSV MAERSK OIL UK 15.03.2012 10 WKS FIRM + 6 X 1 WK OPTS NTVL SUPPORT
Months 1 PSV SUPP SSDR NTVL / 2 WELLS FIRM
PSV BP UK 01.03.2012 2 Months SUPP DS STENA CARRON 5 MOS FIRM + 2X1M
TYPE
ERRV DUTIES, 3 OR 5 YEARS
TYPE CHARTERER COMM. DATE PERIOD COMMENT
STBY BG UK 01.03.2012 36
SIZE
PSV
PSV
PSV
1,005
800
640
SIZE
STBY
PSV
PSV
STBY
PSV
PSV
PSV
805
PSV
STBY
PSV
PSV
PSV
PSV
PSV
680
700
912
912
1,000
1,000
1,017
901
817
906
850
868
683
716
700
1,040
1,005
817
686
690
1,005
RS Platou ASA page 14
GLOBAL SUPPORT VESSEL MONTHLY February 2012 OFFSHORE RESEARCH REPORT
A long tradition in serving the international marine industries
When Ragnar Stoud Platou established the company
together with his nephew Hans Thomas Gram in 1936, the idea was to widen the scope of services that a shipbroking company could provide its clients. At that time, when most brokers were "jack of all trades", RS Platou specialized. This was particularly noteworthy in the sale and purchase of second-hand ships and in contracting of newbuildings, which have remained one of RS Platou's strengths throughout the years.
Since oil was first discovered in the Norwegian
sector of the North Sea, we have served the offshore oil and gas industry in the field of marine equipment. On many occasions, RS Platou has even been participated in developing new vessel designs, both in the shipping and offshore sectors, based on commercial requirements. Our policy is to constantly adapt our services to the
changing needs of our clients. Seventy years among the world leaders in our field demonstrates that we have kept moving in the right direction.
The company today The company today has a multinational staff of about 350 professionals with about 190 located at the
headquarters in Oslo. Over the years, RS Platou has expanded with offices in Singapore, Houston, Moscow, Shanghai, Piraeus, Accra, Geneva, Rio de Janeiro, Dubai, Aberdeen and London. Due to our extensive international network and our frequent involvement in transactions within the shipping and
offshore industries, we represent a considerable source of business opportunities. We have the necessary experience to assist in the screening of these opportunities for our clients, who will also benefit from our skills and knowledge in negotiations leading to a final contract. RS Platou actively works with many oil companies and industrial groups, both in covering their day-to-day transportation needs and in giving advice within our field of expertise on formulating strategy. RS Platou has pioneered computerised broker information systems, which provide instant up-date information to our brokers and clients.
Our business activities
Sale and Purchase Our sale and purchase team has
maintained its position, as one of the leading brokers in the international shipping market. Estimating fair market values of shipping and offshore assets for owning and operating companies, major international banks and equity investors is an important activity for our sale and purchase groups. Contracting of Newbuildings RS Platou is a major
catalyst in the market for contracting of newbuildings, working with shipowners and shipyards all over the world. We have up-to-date information on the development of price levels, which shipyards are most competitive for the different types of tonnage, special contractual terms available, as well as owners who are planning to order new vessels. A particular speciality has been back-to-back transactions for newbuildings with long-term charter arrangements.
Offshore Marine Services RS Platou has built up,
and maintained, a leading position in sale and purchase of drilling rigs and offshore support vessels. We have also been instrumental in bringing several new designs both of drilling units as well as offshore support vessels to the market. We are continuously assisting clients in securing work for their offshore support vessls and drilling units in new areas. We also advise national and private oil companies on special marine equipment acquisitions. Investment Banking RS Platou Markets offers
financial advisory services within mergers and acquisitions and equity/debt capital markets alongside equity sales and FX trading. Our client portfolio is primarily within E&P, offshore, oil service, shipping, seafood and private equity companies.
Chartering RS Platou concentrates on vessels and
cargo within the general trades for dry bulk, petroleum products and crude oil. In addition, we have teams specializing in offshore support vessels, drilling units, shuttle tankers, chemical cargo, transportation of forest products and cars.
Consultants Both in the general trades and
offshore, RS Platou provides evaluations of special projects and give essential advice in business transactions where our market knowledge is required.
Market Research A particular strength is our in-depth
market research activities. We are continuously compiling updated market reports and future projections for the dry bulk and the main tanker trades. For the offshore markets, monthly market reports are provided on a subscription basis. In addition, "one-off" studies are made for special projects or niche markets.
Financial Services In addition to the traditional
activities, we offer financial advice and services. RS Platou Finans is one of the major finance companies in Norway that specializes in shipping and offshore-related financial schemes in the interest of both shipowners and financial investors.
OSLO
Anker, Peter M.
(Managing Partner & CEO) +47 23 11 24 64 +47 901 03 434
Offshore Support
Brugård, Christian +47 23 11 27 13 +47 922 14 028
Amlé, Rolf +47 23 11 27 25 +47 971 61 040
Bjørkli, Tor-Øyvind +47 23 11 27 20 +47 906 27 014
Erdal, Per +47 23 11 27 19 +47 915 96 818
Fosse, Ole +47 23 11 27 22 +47 901 47 507
Middelthon, Lars Johan +47 23 11 27 10 +47 934 38 948
Karlsen, Eric Støle +47 23 11 27 37 +47 934 46 160
Rostant, André +47 23 11 27 34 +47 992 45 649
Rusdal, Gry +47 23 11 27 36 +47 975 42 662
Rustad, Arne +47 23 11 27 12 +47 416 66 716
Sandsbråten, Karine +47 23 11 27 02 +47 913 78 832
Strandenæs, Tallak +47 23 11 27 38 +47 913 03 630
Vollsæter, Ivar +47 23 11 27 18 +47 901 91 657
Xia, Lianghui +47 23 11 27 51 +47 468 53 642
Zøhner, Lars Christian +47 23 11 27 23 +45 204 40 962
Aamodt, Marianne +47 23 11 27 04 +47 900 40 330
Drilling Units
Spillum, Magne +47 23 11 27 50 +47 918 52 177
Bjerke, Petter H. +47 23 11 27 14 +47 995 06 295
Gotteberg, Geir +47 23 11 27 21 +47 934 04 506
Nilsen, Åge Røed +47 23 11 27 48 +47 970 70 291
Floating Production
Arthur, Erik +47 23 11 27 94 +47 908 55 653
Offshore Research
Ziegler, Sven +47 23 11 25 32 +47 901 13 280
Asplin, Mikal +47 23 11 27 53 +47 413 09 226
Bollinger, Rita +47 23 11 27 40 +47 415 25 506
Høgheim, Bård +47 23 11 27 42 +47 413 39 373
SINGAPORE
Bartz-Johannessen, Christian +65 63 36 92 73 +65 966 18 903
Annat, John +65 65 44 66 24 +65 818 29 770
Chung, Mili +65 63 03 49 58 +65 972 47 430
Geelmuyden, Adrian +65 65 44 34 74 +65 912 80 781
Helseth, Erik +65 65 44 66 05 +65 972 67 116
Khaizan, Muhlizah +65 65 44 66 07 +65 962 55 014
Kvaerneng, Markus +65 65 44 66 34 +65 965 77 903
Leung, Alice +65 65 44 66 06 +65 964 52 008
Massarotto, Federica +65 65 44 66 08 +65 923 11 033
Singh, Lakhjit +65 65 44 66 19 +65 945 75 937
Ugland, Peter +65 65 44 66 14 +65 961 83 072
Wee, Jimmie +65 65 44 66 13 +65 973 07 805
Henley, Robert +65 63 36 92 75 +65 967 78 697
Jacobsen, Per-Robert +65 65 44 66 22 +65 933 69 253
Tay, Toh Ho +65 65 44 66 18 +65 973 67 970
CAPE TOWN
Pethick, Simon +27 21 418 1896 +27 83 231 6602
Watson, Mark +27 21 418 1897 +27 83 454 2247
MOSCOW
Steinsvik, Børge +7 495 787 9922 +7 985 920 5575
Espedal, Odd Arild +7 495 787 9922 +7 985 773 1869
HOUSTON
Boje, Tyler +1 281 260 9980 +1 713 634 9088
Donley, Bob +1 281 260 9980 +1 281 797 8608
RIO DE JANEIRONikolaisen, André +5521 3923 8804 +5521 7207 2768
Barros, Gilberto +5521 3923 8803 +5521 8546 0354
Habbema De Maia, Lucia +5521 3923 8806 +5521 9699 2057
Woodrow, Daniel +5521 3923 8805 +5521 9751 9890
DUBAIHenderson, Ian +971 50 65 80 539
Obeid, Ahmad +971 50 55 11 718
Marsigan, Marj +971 50 88 36 597
THE STEWART GROUP LIMITEDAberdeen (Main Office) +44 122464 6574London +44 208297 7474Ghana +223 548954 178
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GLOBAL SUPPORT VESSEL MONTHLY February 2012 OFFSHORE RESEARCH REPORT