Sea Technology

NOV 2018

The industry's recognized authority for design, engineering and application of equipment and services in the global ocean community

Issue link: https://sea-technology.epubxp.com/i/1059422

Contents of this Issue

Navigation

Page 40 of 52

40 ST | November 2018 www.sea-technology.com Jack-Up for German North Sea Wind Farm Attollo Offshore has mobilized a jack-up accommodation unit to ├śrsted's Borkum Riffgrund 2 off- shore wind farm. Borkum Riffgrund 2 comprises the largest wind turbines in the Ger- man North Sea and is expected to produce electricity to power nearly half a million homes per annum. Attollo will provide accommo- dation and construction support for the hookup and commissioning of the 450-MW substation. GOM Jack-Up Market Doing Well At first glance, it would be diffi- cult to view a region with just 27 jack-ups and only 12 of those con- tracted as warranting special atten- tion. However, a deeper dive into the numbers shows that the U.S. Gulf of Mexico (GOM) jack-up market has quietly become one of the best in the world, according to Westwood. Utilization of the 12-rig marketed fleet is 100 percent and contract backlog is increasing. Day rates have risen, and evidence sug- gests that further increases for some segments of the fleet are not far off. However, this market is nowhere near what it once was. Supply reached 157 in March 2001, while the peak number of working rigs hit 144 a month later. But by the end of 2001, the number of contracted units was under 100 and demand was well on its way to the histor- ic low levels it ultimately reached. Supply was initially slower to react, but continued mobilization out of the region and retirements ultimate- ly brought that number down, too. The end-result has been an 83 percent supply decrease and a 92 percent fall in demand between June 2000 and August 2018. However, also notable is the sharp upward spike in the utiliza- tion line in 2018. Since January, fleet supply decreased by 10 while demand rose by four, resulting in utilization more than doubling from 21 to 44 percent in August. Kongsberg Power, Control Solution for Awilco Drilling Rig Kongsberg Maritime has been selected by Keppel Offshore & Ma- rine to provide an extensive and integrated technology delivery for a new semi-submersible drilling rig ordered by U.K.-based drilling con- tractor Awilco Drilling PLC. Awilco Drilling's new rig will be equipped and certified for drill- ing on the Norwegian Continental Shelf, including the Barents Sea, in water depths up to 5,000 ft. The improved drilling efficiency and re- liability will result in lower OPEX with per day cost savings compared to existing semi-submersible rigs. This is aided by a complete Kongs- berg electro package, including a hybrid power system with advanced battery technology, MV switch- boards, thruster and drilling drives offshore oil & ocean engineering

Articles in this issue

Links on this page

Archives of this issue

view archives of Sea Technology - NOV 2018