Polarcus Records Minor Decline in Vessel Activity

Seismic contractor, Polarcus, has seen a slight drop in the vessel activity in the third quarter of 2016.

The utilization of the vessel fleet was 90 percent in Q3 2016 compared to 93 percent in the corresponding period in 2015.

On the contracted basis the vessel activity was 20 percent higher, coming to 86 percent compared to 66 percent in Q3 2015.

The multi-client basis has seen a drop to 4 percent in Q3 2016 compared to 27 percent in Q3 2015.

Polarcus excluded Polarcus Nadia seismic vessel from vessel utilization numbers subsequent to cold-stacking in April 2015.

The company cold-stacked the vessel due to uncertain market and competitive day rates, and decided to relocate the seismic equipment to other vessels in its fleet.

Subsea World News Staff

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6th Offshore Well Intervention Conference Gulf of Mexico

The Offshore Well Intervention Gulf of Mexico conference (OWI GOM) is returning to Houston, Texas for its sixth year on Wednesday 20 – Thursday 21 November.

Featuring Anadarko, BP, Shell, Chevron, BHGE and Oceaneering, the conference aims to help operators transition to the latest compliance updates, WI systems and business models that enhance safety, quicken well access and improve commerciality.

Across two days, more than 200 delegates, 15 exhibitors and 30 speakers will network together and create solutions to some of the most pertinent industry challenges right now, through a conference programme focused on:

  1. Clarifying compliance updates
  2. Quicker well access and safer well control
  3. ​Understanding HPHT well intervention (systems)
  4. Forecasting well intervention activity, discussing new commercial models and comparing platform options
  5. Best practice riserless well intervention
  6. ​The latest well intervention equipment

For registration, speaking or sponsorship enquiries contact Abigail Clifton on aclifton@offsnet.com; +44 (0) 203 793 8800.

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OTC Brasil

The conference is organized by the Offshore Technology Conference (OTC) and Brazilian Petroleum…

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Europort 2019

Europort, organised in the world port city of Rotterdam, will be the leading exhibition for special purpose vessels…

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