OTSV Marina I from owners Locar has arrived in Guanabara Bay to commencer her first contract with Petrobras. The vessel went through modifications in China and is expected to start her charter in the coming weeks. This is the first offshore supply vessel acquired by Locar, a company that traditionally has only operated line handlers and barges. Marina I will join Petrobras’ OTSV fleet together with Belov Mares, a newbuild PSV also which went through modifications to become an OTSV, at Belov’s shipyard in Salvador, Bahia and was delivered to Petrobras last year.
Category: Last News
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OSRV tender closed
Last Friday (16), Petrobras received offers for its OSRV tender that foresees the charter of up to 7 vessels. All offers considered Brazilian flag or REB and a 1460 days firm contract. Petrobras’ indicative budget for this tender was USD 35.020,95. If compared to the previous tender, the average daily rates presented by bidders increased by 25%. If you wish to receive the complete commercial classification, get in touch with us through our e-mail comercial@cms.oneenergynews.com.
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PSV tender closed
Last Thursday (15), Petrobras received offers for the PSV public tender that could potentially charter up to 21 vessels. The opportunity would accept BR, REB and foreign flagged vessels being proposed, for a firm duration of 1460 days.
This time without a reference budget disclosed, but still a high utilization/low availability market, the tender was dominated by foreign flag offers, which accounts for roughly 72% of all offers received. Larger PSVs in BR/REB flag averaged aprox. USD 49K/day on the rates and USD 52K/day in foreign flag. Smaller PSVs (3000T DWT) in BR/REB flag averaged aprox. USD 40K/day and USD 38K/day in foreign flag.
The PSV categories denominated as Hybrid and “Fluideiro” (fluids carrier), which Petrobras specifically set a target number for vessels hired, received no offers at all, either in BR/REB or foreign flags. Another tender that comes to prove the local market is giving signs it is struggling to meet with charterers hiring demands.
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PRIO: Wahoo’s update
In an event with business representatives, PRIO reinforced it’s ready to start drilling in the Wahoo field, Campos Basin. All that’s missing is the Brazilian Institute for Environment and Renewable Natural Resources approval. The expectation is that the first oil will be extracted in this year’s third
quarter with an estimated 40 thousand boed, going until 2052.The production will be possible through a pioneering submarine tieback project in Latin America that is 32 km long. This will connect the Wahoo wells to the FPSO Valente, which is owned by PRIO itself and operates in the Frade field, also in Campos Basin. A McDermott vessel will do the tieback and should arrive in Brazil between April and May.
PRIO also reported that the project already generates around R$860 million in investments in the supply chain of local suppliers. The company must pay
R$2.5 billion in royalties to the state and municipalities of the state
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AHTS multipurpose arrives
Oceanicasub X, another AHTS acquisition for Oceanica’s fleet, has arrived in Brazil. The vessel was awarded by Petrobras in a public opportunity back in 2022 as AHTS Multipurpose for a firm duration of approx. 4 years. Besides the regular activities of an AHTS, the vessel will also be required to engage in ROV and shallow diving operations.
“Although this is the first time Petrobras charters one AHTS with the provision of diving services, it will not be the first time diving operations will be carried out from this type of vessel, as in the recent past Petrobras had very successful experiences mobilizing diving systems on their own at C-Sailor and Asso Trentuno, both anchor handlers from Bram and Asso Marítima, respectively”, said Raphael Montes, Proposals Manager at WSB.
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Explaining the Boskalis move on ALP
Shipyards are full and rates are rapidly picking up, and Boskalis sets a strategy to grow organically through acquisitions. The recent full take over of ALP Maritime makes a lot of sense. Boskalis eyes the long-distance ocean towage market, specifically the FPSOs and even more so the box-shaped hulls. Consider the future Equinor Brasil unit for instance, the FPSO for Bacalhau. Possibly three vessels of 300 tonnes bollard pull would be required for a wet tow since state-of-the-art Boka Vanguard for instance might not have the capacity to undertake a dry tow. What we see emerging is a second-to-none contractor capacity for long distance ocean towage. This is the opinion of our Managing Director Alexandre Vilela.
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Investments coming
The ANP (National Oil Agency) reported that investments in the production phase of Brazil’s current oil and gas contracts will total just over R$130 billion in 2024. The Santos Basin will receive the majority of investments: 60.4%, followed by Campos Basin (28.17%) and Sergipe Basin (6.26%). The majority will be allocated to platform works with R$37 billion, followed by line launch activity with R$27.7 billion and well drilling with R$12.4 billion.
The ANP also highlighted that by 2028 R$514 billion will be invested in the production phase of current contracts for the exploration and production of oil and natural gas in Brazil. Of this total, the Santos basin stand out with 61%, and Campos with 28% of investments. Until then, 4.195 million boed of production are estimated.
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Workshop at WSB
Wednesday 31st January. To top it all off for the first month of a promising year for the shipping industry, WSB Advisors held its first quarterly workshop of 2024, in our headquarters downtown Rio de Janeiro.
WSB One, our exclusive and most comprehensive offshore database in the local market provided the data that supported a top-level discussion amongst the leading authorities on the subject matter: CEOs and other management level professionals from the largest OSV companies in country.
Westhon board member Ronaldo Lima hosted the event having as key-note speaker Paulo Rolim, Chairman of the Board for Westhon. Super-users Beatriz Mendes, Omar Darian and Raphael Montes conducted the market look out in a demonstration where data reveals:
- Rates are not as nearly close to the levels they should be,
- WSB Advisors projects condition for 50+ vessels to be ordered in the short run.
“This was nice, really nice. Very explanatory. The workshop contributed much for the studies and processes we are undertaking”, commented Gustavo Machado, executive director of WSUT Wilson Sons Ultratug Offshore and President of the Brazilian Association of Offshore Support Companies – ABEAM.
Data matters!
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Prio’s new OSV?
Back in 2022, PRIO announced the acquisition of the semi-submersible rig West Capricorn, which has since been renamed Hunter Queen and is presently involved in drilling activities for the company. While not officially announced, it appears that the Brazilian oil company will add a 2002-built MPSV named Edda Fjord to its fleet this year.
The former vessel operator, Østensjø Reder, formally announced that it has been delivered to its new owners in Haugesund, Norway, and is currently en route to Brazil. The sale price was not disclosed. As the company is not a Brazilian Shipping Company (EBN), PRIO is likely to hire one to take care of the vessel’s management and operations.
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fmm priority for 10 PSVs
A new cycle of priorities for new building projects is being assigned in anticipation of the new building tender expected from Petrobras” says Raphael Montes, Proposals Manager from WSB Advisors.
The Board of the Merchant Marine Fund (CDFMM) has voted the priorities for their last meeting on 12th December 2023. We have confirmed that CMM Offshore has interest in building 10 offshore support vessels. The priority includes Wilson Sons Estaleiros Ltda. as shipyard and mentions PSVs of 5.000t dwt designed by Damen with their Green Ethanol project. The total priority amount is just above USD 850 million, or 85 million per vessel.
For further details on this and other priorities from the CDFMM please contact us. www.cms.oneenergynews.com
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solstad vessel chartered
As first-hand reported by WSB Advisors in July 2023, solstad took first place on the 50 POB accommodation vessel with just below USD 90k daily rate with the Normand Australis.The Norwegian listed owner has now announced the contract signature with Normand Fortress replacing the Normand Australis according to availability.Normand Fortress is expected in Brazil Q2 2024, two years firm plus options. Normand Valiant is operating for petrobras also as accommodation since Q3 2022 for an initial period of 2 years. Solstad reports that this contract had an extension secured for 6 months until Q1 2025.
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Aibel delivering modules
Modules built by the Norwegian company Aibel for the FPSO Bacalhau left shipyard in Thailand bound to Singapore where parts are ready waiting to be integrated to the shipping hull before it heads to Brazil. Aibel produced 22 thousand tons of upper modules.
The FPSO will be delivered to MODEC and chartered by Equinor, operating in Campo de Bacalhau, Santos Basin. The first oil production is expected for 2025. The development of the field will cost around US$8 billion and will include 19 subsea wells that will be connected to the FPSO Bacalhau, whose production capacity is 220.000 boed. The project in Bacalhau Field also includes partners ExxonMobil, Petrogal Brasil SA and Pré-Sal Petróleo SA (PPSA).