Exxon Tries to Put the Worst Behind it With $20 Billion Writedown
By Jennifer Hiller HOUSTON, Nov 30 (Reuters) – Exxon Mobil Corp on Monday said it would write down the value of natural gas properties by $17 billion to $20 billion,...
Offshore shipping company Atlantic Offshore has secured a two-year charter with Maersk Oil in the UK for the use of the Emergency Response and Rescue (ERRV) Ocean Troll.
For the charter, which commenced in July 2017, Ocean Troll will provide emergency rescue and fire fighting services for Maersk Oil’s Culzean project in the central North Sea. It is the first Fire Fighting Class II (Fi-Fi II) ERRV to operate in the UK sector of the North Sea.
The charter, which was Atlantic Offshore Scotland Ltd, will last for a firm period of two years, with two one-year options thereafter.
Atlantic Offshore Scotland Ltd is part of the Norwegian-based Aeogopodium AS and employs about 210 people (approximately 200 seafarers and 10 office-based staff) and provides multi-role ERRVs for many of the oil majors operating in the North Sea.
The 78m Ocean Troll is equipped for multirole functionality including Fi-Fi II, with the capacity to accommodate a crew of 21 people. It is managed by the company from its Aberdeen base at Waterloo Quay.
“Robust emergency response is indispensable to all oil and gas operations. Our aim is to cement our position as the UK’s leading ERRV supplier for high end multi-role services,” said Matthew Gordon, managing director of Atlantic Offshore Scotland Ltd.
In addition to the Maersk Oil contract, Atlantic Offshore says it will also be renewing its relief vessel with the newly converted Ocean Clever. Built in 2009, the vessel will take over the relief duties of the Ocean Troll and will provide employment for an additional 30 crew.
“It is a great achievement to secure Maersk Oil’s Culzean project – not only does it allow the team to support a high end project – but it allows us to further grow our fleet. Our recent conversion of Ocean Clever is something we aim to continue in the coming years and as we look for opportunities that fit our niche service offering,” commented Roy Wareberg, CEO of Atlantic Offshore,
Inclusive of Atlantic Offshore Scotland’s range of six ERRVs, the Aeogpodium AS group currently operates a fleet of nine ERRVs and three Platform Supply Vessels (PSVs).
“The Group’s aim is to continue to expand its capabilities within both the Norwegian and UK sectors of the North Sea and to be able to provide cross-border solutions reflecting the needs of its clients,” the company says.
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