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PSV OPPORTUNITY III

PSV Opportunity III DIS 25%

Entering the OSV Market with a bang

The FS Arendal, FS Kristiansand and FS Bergen, was Standard Drilling's first entry into the OSV sector, as the company believed the market prices had reached its bottom. The price of USD 2.5m per vessel had never previously been seen for this kind of tonnage, and it was decided to enter the market at its historical low.

After having decided to enter the OSV market, more second hand tonnage was inspected and two newer (7 and 8 years old ) medium sized PSV's, were acquired due to their high quality and level of maintenance. The FS Aberdour and FS Abergeldie are UT 755 LN ship type, a well-known design that is being operated all over the world within all main areas of the offshore industry.

The acquisition of FS Balmoral and FS Broemar increased the total number of fleet, making Standard Drilling in cooperation with Fletcher Shipping a force to be reckoned within the Medium PSV market. The FS Balmoral and FS Broemar are fitted with more equipment such as, stainless steel tanks, anti-roll tanks and an increased deck, surpassing 700m², making them a sought after target when the market returns.


The Fleet

Norwegian-built sister vessel specs





Build:April 2006/July 2006, Kleven Norway
Ship Type:VS470 MKII with accomodation for 23pax
Class:DNV GL+1A1 SF EO DYNPOS-AUT DK(+) HL(2.5) FiFi 1
Deck Space Dimensions:700m2, 51m x 13.8m
Deck Load:5t/m2
Deck Gargo Max:1,550t
Dwt/GT/NT:3,544mt/2,579/774
Drill Water:695m3
Fuel Oil:1005m3
Ballast Water:979m3
Liquid Bulk:536m3
Dry Bulk:340m3
Brine:536m3
Dynamic positioning:DP1
Dimensions:73.4m x 16.6m x 6.5m
Main Engine:Wartsila Vasa 6R32LND, 2 x 2,250kW, doing 14kn

Aukra-built sister vessel specs



Build:2009/2008, Aukra Norway
Ship Type:UT755 LN
Class:DNV+1A1-SF-DG-P-DYNPOS-A UTR-CLEAN FiFi 1 DK(+) HL(2.8)
Deck Space Dimensions:680m2, 51m x 13.3m
Deck Load:5t/m2
Deck Gargo Max:1,600t
Dwt/GT/NT:3,270/2,180/1,074
Drill Water:961m3
Fuel Oil:1003m3
Ballast Water:461m3
Liquid Bulk:594m3
Dry Bulk:320m3
Brine:396m3
Dynamic positioning:DP2 (DGPS, DGNS, Cyscan)
Dimensions:73.6m x 16m x 5.8m
Main Engine:Mak 6m25, 2 x 2690 BHP

Norwegian-built sister vessel specs



Build:2008/2007, Aker Brevik Norway
Ship Type:UT755 LN
Class:DNV+1A1-SF-EO-DYNPOS- AUTR-LFL-T-MON CLEAN COMF/V(3) DK(+) HL2,5
Deck Space Dimensions:710
Deck Load:5t/m2
Deck Gargo Max:1,600t
Dwt/GT/NT:3,130mt/2,050/1,143
Drill /Ballast Water:11500m3 + ca 40m3
Methanol Tank (SS):140m3
Liquid mud:980m3
Dry Bulk:315m3
Brine/Fresh Water:390m3/745m3
Dynamic positioning:DP2 (DGPS, Cyscan)
Dimensions:76.6m x 16m x 5.9m
Main Engine:2 x Bergen C25:33L8P


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