2nd International Conference on Technology & Operation of Offshore Support Vessels

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2nd International Conference on Technology & Operation of Offshore Support Vessels

  1. 2. Marine Pte. Ltd. Market <ul><li>Unprecedented high levels of Utilisation </li></ul><ul><li>Rates as high as we have ever seen </li></ul><ul><li>Spot UT704s in the mid $20k’s per day </li></ul><ul><li>New 5000 BHP vessels in mid teens (around the $3 / BHP mark). </li></ul><ul><li>Crazy crazy prices for ‘spot’ rig moves </li></ul><ul><li>Subsea support vessels at all time highs </li></ul><ul><li>Sellers Market (Equipment, shipbuilding, Charter and SnP) </li></ul><ul><li>Shipyard supply tight through 2011 </li></ul><ul><li>Suppliers have upper hand, prices rise, deliveries long </li></ul>
  2. 3. Marine Pte. Ltd. World Fleet Profile – AHTS & PSV’s Size   Ships in Operation Ships on Order Fleet > 20 Yrs Large AHTS 12,000 + BHP 212 98 23% Medium AHTS 7-11,999 BHP 357 111 70% Small AHTS 4-6,999 BHP 531 82 73%           Large PSV 4,000+ DWT 114 54 0% Medium PSV 1500-3999 DWT 396 104 22% Small PSV <1500 DWT 299 12 99%
  3. 4. Marine Pte. Ltd.
  4. 5. Marine Pte. Ltd. Worldwide Onshore and Offshore Oil Production (1960-2010 – forecast)
  5. 6. Marine Pte. Ltd. SEA Oil Production Forecast Volume
  6. 7. Marine Pte. Ltd.
  7. 8. Marine Pte. Ltd. World Fleet Profile – AHTS & PSV’s Size   Ships in Operation Ships on Order Fleet > 20 Yrs Large AHTS 12,000 + BHP 212 98 23% Medium AHTS 7-11,999 BHP 357 111 70% Small AHTS 4-6,999 BHP 531 82 73%           Large PSV 4,000+ DWT 114 54 0% Medium PSV 1500-3999 DWT 396 104 22% Small PSV <1500 DWT 299 12 99%
  8. 9. Marine Pte. Ltd. Oil price - …Now ……and Then ?
  9. 10. Marine Pte. Ltd.
  10. 11. Marine Pte. Ltd.
  11. 12. Marine Pte. Ltd. While optimistic….. my imagination is too limited to have scripted this past year’s “perfect storm”: high oil prices, urgency to drill, and shortages of equipment. In our businesses little, perhaps nothing, can beat being in the right place at the right time. The boom in energy for the moment has overshadowed careful planning and proves again the old adage, “better lucky than smart.” The offshore business merits a standing ovation. Let’s hope this year we get an encore and not the “fat lady’s” aria. Charles Fabrikant, April 2007
  12. 13. Marine Pte. Ltd. Thank You

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