LARNACA, Cyprus – Prosafe expects the conversion of its accommodation semisubmersible Safe Scandinavia to a tender support vessel to conclude shortly, allowing the vessel to start operations before year-end at Oseberg East in the North Sea for operator Statoil.
Although market conditions for accommodation rigs remain tight, Prosafe believes that the general trend toward cost reductions in the E&P sector will also make more offshore projects economically viable.
This, combined with the industry’s continued focus on asset integrity and maintenance, could create future opportunities.
Tendering activity for near-term accommodation work has slowed down, but medium-term opportunities are progressing with signs that oil companies are looking to step up activity from 2018 onward, Prosafe adds.
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