rs platou global support vessel monthly february 2012

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

[email protected]

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.

mailto:[email protected]




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


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


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


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


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

#####


- 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


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


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.


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+


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.


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 %


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


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


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


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 %


3 %


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 %


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


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


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


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


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


4


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


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


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


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


Total 29 23 16 6 1

20,000+ BHP 5 14 7 2 0

1

16-19,999 BHP 10 3 6 2 0


10-15,999 BHP 14 6 3 2


NORTH SEA SUPPLY VESSEL ACTIVITY - AHTS

AHTS North Sea Fleet Overview AHTS North Sea Fleet


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


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


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


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



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


Direct number Mobile number

RS Platou Offshore - Contacts:


rs platou global support vessel monthly february 2012

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