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

Marine Pte. Ltd. Market
Unprecedented high levels of Utilisation
Rates as high as we have ever seen
Spot UT704s in the mid $20k’s per day
New 5000 BHP vessels in mid teens (around the $3 / BHP mark).
Crazy crazy prices for ‘spot’ rig moves
Subsea support vessels at all time highs
Sellers Market (Equipment, shipbuilding, Charter and SnP)
Shipyard supply tight through 2011
Suppliers have upper hand, prices rise, deliveries long

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%

Marine Pte. Ltd.

Marine Pte. Ltd. Worldwide Onshore and Offshore Oil Production (1960-2010 – forecast)

Marine Pte. Ltd. SEA Oil Production Forecast Volume

Marine Pte. Ltd.

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%

Marine Pte. Ltd. Oil price - …Now ……and Then ?

Marine Pte. Ltd.

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

Marine Pte. Ltd. Thank You

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

by M3 Marine Group on Dec 20, 2010

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