April 2008 North Sea Market Report - Offshore Shipbrokers

Outstanding Requirements - InternationalArgentinian Oil Co 2 x AHTS 10,000bhp, 120t BP - 3 years Jun-08 ArgentinaBG International 2 x AHTS – All duties estimate 12 months Jul-09 NigeriaGlobal Marine PSV 2-3 months Bohai Gulf End 08 ChinaJ Ray McDermott DPII vessel for accommodation duties - 8 weeks + opts Aug-08 TrinidadMLS N Barge Handling in Baltic – 2 years Sep-08 BalticPetronas Carigali 2 X AHTS – 2 years Sep-08 MalaysiaReliance DPII AHTS 55t BP for 1 year + 4 x 6 monthly opts Jun-08 IndiaRosneft Oil Co AHT towing drilling rig ‘Doo Sung’ May-08 MalaysiaSaipem Large PSV for Balearic + Gjoa projects - 150 days + opts Oct-08 MediterraneanShell PSV for Intervention work – 3 years Oct-09 QuatarStatoilHydro 1 x AHT 60t BP to support Accommodation barge 1 year Sep-08 DubaiTotal AHTS to support drilling rigs – 1 year Jun-08 GabonTotal DP ROV support – 5 years firm + 5 years opts. Aug-08 NigeriaERRV VESSELSAnother busy month for the ERRV market with a steady stream of both term fixtures and requirements. Thespot market also remains busy with numerous spot jobs having come to the market over the last few weeksfixing at rates between the £12,500 - £18,500 levels. The situation doesn’t look like it will change much eitherwith availability now looking extremely tight from June onwards for both the term and spot markets.FixturesADTI Dea Sailor Supporting GAII - 4 wells Jul-08Centrica Vos Traveller ERRV for circa 300 days Jul-08EON Vos Commander ERRV for circa 90 -140 days Jun-08Odfjell Norway ESVAGT Newbuild TBN ERRV Supporting Deepsea Delta - 3 years Mar 09Senergy VOS Canna ERRV for circa 90 days Jun-08Statoil Northern Commander Extended until May 2011 Supporting Glitne ExtensionOutstanding RequirementsAker Exploration ERRV Supporting Aker Barents - 3 years Dec 08Apache 2 years supporting Forties field Jan-09BHP / HRL 2 x Multirole ERRV’s – 5 years + 5 x 1 year opts Jul-08ENI Norway ERRV Supporting Goliat - 10 years Jan-10Maersk Oil UK GSF Arctic II - 1 well 30 -45 days Mid MayMarathon Supporting Brae field 10 years + 5 x 1 year opts Oct-10Petrofac 420 days supporting John Shaw Jul-08Talisman Various ERRV’s 1-5 years Sept/Oct 0813 Rubislaw TerraceAberdeen AB10 1XETelephone No +44 (0) 1224 628788aberdeen@offshore-shipbrokers.co.uk9 – 11 Folgate StreetLondon E1 6BXTelephone No +44 (0) 207 3779774london@offshore-shipbrokers.co.uk