OFFSHORE & RENEWABLES

SUBSEA BROKER REPORT

OFFSHORE & RENEWABLES

SUBSEA BROKER
REPORT
January 2023
 OFFSHORE & RENEWABLES
SUBSEA BROKER REPORT
OFFSHORE & RENEWABLES

Contents

3 Monthly Update 11 North Sea Day Rates

5 Recent News & Contract 12 North Sea Availability

Awards

7 Global Subsea Fleet 13 Africa Availability

8 Global Day Rates 14 Definitions

9 North Sea Fleet 15 Subsea Broker Contacts

Produced by:

Ross Findlay
Subsea Trainee Broker & Operator

E: subsea.Aberdeen@clarksons.com
T: +44 7496 615 638 clarksons.com
 OFFSHORE & RENEWABLES
SUBSEA BROKER REPORT January 2023

MONTHLY UPDATE
NORTH SEA
If January is an indication of the year to come, we are in for a wild ride. A plethora of W2W requirements soaked
up a lot of the idle tonnage that does not have forward commitments. Olympic have the Olympic Taurus open
prompt without any commitments but the likes of Havila Subsea, Normand Superior, Dina Star, and Horizon
Enabler are available prompt but have scopes fixed for the summer season. Hence, Charterers have lost majority
of their bargaining power in controlling the delivery and redelivery window. There has also been a handful of
scopes for LCV in May/June with owners quoting over USD 100,000/day for same. The smaller tonnage, sub 80 m
LOA, have also been busy with Glomar fixing away Glomar Wave to Helix and Glomar Supporter to ROVCO and
Stril Explorer was extended by MMT. As rates increase on traditional LCVs, we expect to see more of the ROVSV
scopes to be performed by smaller tonnage as Charterers requirement for crane capacity will price the assets
out of the ROV scopes. We still see larger assets absorbed into walk to work market with Siem Barracuda, Siem
Day and Ievoli Amber all fixed on W2W scopes of varying duration. Reach Subsea will take delivery Edda Sun, Go
Electra, Deep Cygnus and Olympic Triton later this year and they will mobilize an additional ROV on the Olympic
Zeus for a Saipem job in West Africa. We expect vessel availability to further decrease into the next quarter and
vessel, ROV and gangway rates to follow suit.

MIDDLE EAST
As we commence the start of the new year, we look back on 2022 as a very positive year for offshore markets
globally and regionally in the Middle East, and though risks exist, most signs point to this trend continuing in 2023.
Reports that an Oil company in India is preparing for an IMR Vessel tender to be released in Q2 this year and it is
expected to be a long term contract. Aureus is dry-docking in Sharjah before she commences her long-term
ONGC India contract which will be for 5 years. The Safeen Surveyor has been undergoing her drydocking this
month in Dubai ahead of her return to Abu Dhabi where she will continue her upgrade works to install an
integrated air diving system. Once complete, the MPSV vessel is due to commence an IRM contract in the
region. The MMA Pinnacle has continued to operate in Qatar for Saipem this month and is expecting to
continue on the project for the next 1-2 months. MPSV Bourbon Enterprise is still working in Qatar with Qatar
Energy. CCC Underwater Engineering's DSV Said Aletheia completed a project this month which concluded 151
days of operations for an EPC contractor in the Middle East. The work involved several scopes, including the
installation of concrete mattresses, sleepers, subsea riser clamp installations, umbilical installations, saturation and
air diving and ROV surveys. Posh Mallard has been working in Qatar this month and should be occupied until the
summer, she is now equipped with a saturation diving system.
During the month, tendering activity remained high, in part due to ADNOC's plans of upgrading and developing
several oil and gas fields in its offshore concession areas.
Stronger vessel demand and supply-side constraints are expected to boost day rates further, though risks from
the global macro-economic outlook deserve careful monitoring. Oil prices currently remain supportive, and
despite the recent softening to c.$80/bbl, the offshore sector seems well set for further progress.

WEST AFRICA
January continued with the same trends we have seen in previous months: high utilisation and a constrained
supply which explains why we have not seen any major decline in seasonal rates that we usually experience.
In terms of vessel activity, Bourbon Evolution 802 is available. Go Supporter has been awarded a contract for 6 –
12 months from March, it is understood the vessel will leave for work in the Mediterranean and the Middle East.
The Boka Falcon has entered the Western Africa region and may have some availability towards the end of
February. The Atlantic Tonjer has been released from W2W duties with BW Offshore it is understood the vessel will
leave the region. Tullow Ghana are in the market for W2W duties in 2023. Later in this year, Reach will voyage the
Olympic Zeus down to the West Africa for work with Saipem.

www.clarksons.com 3
 OFFSHORE & RENEWABLES
SUBSEA BROKER REPORT January 2023

AMERICAS
January has seen the Subsea Market for the US GOM pick back up and keep much of the fleet at a steady
pace. Rates have somewhat plateaued during the winter so will be interesting to see how the market progresses
into the summer months. There was a decent push at the end of the year and now with more vessels in the
market will we potentially see a shift to keep those vessel days in the 300s. Some notable activities from this
month. Ocean Patriot with Oceaneering is headed to the Caribbean. This is the first vessel leaving the gulf in the
new year as we saw some notable vessels from C-Innovation headed back to the US GOM in December and
January. This included the Dove (from the US Northeast) and the Island Performer (from the Caribbean). In
addition to these assets, the HOS Warland is anticipated to be out of shipyard to go into February which will bring
the 250T US Flagged vessels back up to 100%. In more Hornbeck news, the HOS Achiever has stepped in at
Constitution for Oxy with the HOS Riverbend likely returning middle of February.
Work is heating up for East Coast renewable work as we have started the year. With Offshore Wind on the cusp
of foundations in the ground, the anticipation is growing as seen in the article regarding vessel acquisitions. A lot
of companies making the leap as shown with Crowley / Esvagt winning the third SOV new-build for Siemens
Gamesa.

ASIA PACIFIC
2022 was a year of positive progress for offshore oil and gas vessel market in APAC, and as we begin 2023 we
already see a similar shape forming.
Shelf Subsea's Southern Star has arrived in Papua New Guinea this month to commence work that is expected
for around 45 days. Shelf also currently has the Fire Opal working in Bangladesh to carry out pipeline inspection,
free span rectification, and maintenance. FTAI concurrently have the M/ Pioneer nearby offshore Chittagong.
Skandi Acergy has been making her way down to Australian waters this month ahead of work with Beach Energy
on the Otway Phase-5 development. The campaign execution will cover the installation of the subsea
infrastructure for four new Thylacine wells following the collection of equipment and transportation to the
offshore site. The subsea infrastructure includes the installation of subsea umbilical, flexible flowlines and
connectors, structures and rigid spools. The Skandi Acergy will likely leave the region again once her work scope
is completed. Crest Hydra remains on charter in Thailand with Beacon offshore until around Q3/Q4 2023. Also in
Thailand, the Grand Canyon II is now on decommissioning project with Chevron Thailand via Beacon Offshore
until at least May 2023 with several extension options that could keep her busy until Q4 2023. The Normand Jarl,
which was operating in Taiwan until earlier this month is now alongside in Singapore ahead of her handover to
new owners which see her exit the offshore industry. Esso Australia has entered into an agreement with Helix
Energy Solutions to charter the Helix Q7000 semisubmersible light well intervention vessel to support
decommissioning activities in Gippsland Basin offshore Australia from end of 2023. The use of the Q7000 will be
Esso's first use of a light well intervention vessel for subsea work in Australian waters. FTAI's M/V Pride is back in
Australia this month for work with Expro on Chevron Gorgon and Jansz fields. The vessels newly fabricated well
intervention tower is now in Singapore, with engineering and preparations being carried out ahead of installation
onto the vessel, which is expected to take place upon return from her Australia work.
A flurry of market surveys and an increase in tender activity has been going on this month, with the bulk of the
requirements expected to increase demand further, especially between the months of May- September. Rates
have continued to improve in the region, albeit at a slower pace than we have been seeing in the Western
markets. Demand is still increasing in other regions like the Middle East and South America, so we expect more
vessels to exit the APAC space due to longer term contracts and more favourable rates.

www.clarksons.com 4
 OFFSHORE & RENEWABLES
SUBSEA BROKER REPORT January 2023

RECENT NEWS & CONTRACT AWARDS

NORTH SEA
Glomar Offshore secure long-term contracts for both
the Supporter and Wave
Both the Glomar Supporter and Glomar Wave have
been awarded long term contracts with ROVCO and
Helix Energy Solutions respectively. Both contracts are
understood to be for 3 years firm with 2 years of
options available.
ROVCO will utilise the Supporter for offshore wind site
projects and have supported Glomar to permanently
reconfigure the vessel to include survey sensors and
equipment.
Helix ES will focus on site clearance projects, mainly
UXO and boulder clearance.
Source: glomaroffshore.com

BOA OCV sells to an undisclosed buyer

DP3 construction vessel Boa Sub C has been sold
to an undisclosed buyer. The sale price of the
vessel is not known at this stage. The Boa Sub C
has a 400T AHC main crane and a 30T AHC
secondary crane. The vessel will have both OI
millennium WROVs and 2,500 T carousel when
handed to new owners.

Source: oedigital.com

AMERICAS
Keith Cowan SOLD to Northeast Vessel Owner

The Keith Cowan, which has remained stacked here in

the Gulf of Mexico since October 2021, has been sold
to Northstar Marine out of New Jersey. To be renamed
to the Northstar Navigator and support the growing
Offshore Wind Industry here in the US. This sale comes
after Northstar’s acquisition of the Delaware
Responder (renamed the Northstar Responder).

Source: nauticeexpo.com

AFRICA / MEDITERRANEAN / MIDDLE EAST

MPV Everest contracted to McDermott

McDermott have awarded MCS owned MPV

Everest a contract which will see the vessel utilised
for the majority of the 23’ season. The MPV Everest
has a 250T AHC main crane and a 50T secondary
crane.
Source: mcs.nl

www.clarksons.com 5
 OFFSHORE & RENEWABLES
SUBSEA BROKER REPORT January 2023

ASIA PACIFIC
Helms completes Geotechnical scope for PTTEP
offshore Sarawak
Utilising the DP2 Geotechnical vessel Keyfield Helms 1
(ex Keyfield Helms), Helms has carried out a
geotechnical survey the Nangka-1 exploration well in
block 417 offshore Sarawak for PTTEP. The work
involved pilot hole drilling for shallow gas, and
included sampling and several in-situ tests. The 2017
built Malaysian flagged vessel, Keyfield Helms 1 has
been used by PTTEP Thailand and Myanmar previously.
Helms has already confirmed a string of other projects
to follow this for Petronas and Shell.
Helms has a handful of long-term contracts in place
with Petronas, Shell and PTTEP currently. Helms has also
been keeping busy with projects in the renewables
sector, with past and ongoing projects in Taiwan,
Korea and Japan. Source: helmsgeomarine.com

Note: This is not an exhaustive list of every global subsea contract award and extension.

OFFSHORE CONSTRUCTION FLEET

CLARKSONS RESEARCH

Vessel Type Vessel Function Jan – 23 Clarksons Research (CRSL) defines the Construction
fleet as those vessel types involved in the installation of
Crane Vessels & Jacket and topside 657 mobile, fixed and subsea infrastructures required to
Pipe/Cable Layers installation, Subsea
pipeline installation, exploit offshore fields, along with those vessels that
Power cable, umbilical undertake inspection, maintenance and repair (IMR)
and flexible flowline work once the infrastructure is in service.
installation
The segment contains a range of diverse and
Heavy Lift / Transport of heavy 857
sometimes highly idiosyncratic structure types,
Transport Vessels and/or outsized car-
and Launch goes; Launch barge including crane vessels, pipelay and cable lay units,
Barges transport volume heavy-lift vessels, accommodation units, ROV or dive
and/ or heavy loads support vessels (DSVs), multi-purpose support vessels
(MPSVs) and self-elevating platforms (SEPs).
Lift Boats & Installation of 492
Installation Units shallow water Many units have secondary capabilities that allow
structures such as them to substitute for other construction unit types .
wellhead platforms
Offshore Construction fleet numbers are for illustrative
Accommodation Accommodation 311 purposes only; a large portion, but not the entirety, of
Units support for
exploration,
this fleet is deemed relevant to project/chartering
development and activity worldwide and is thus the focus of Clarksons
production Offshore Subsea Broker Report.

Construction maintenance and 448

Support Vessels development of
offshore oil and gas
fields

Stone Dumping Depositing gravel 264

and stone to protect
offshore assets

TOTAL ACITVE FLEET 3029

www.clarksons.com 6
 OFFSHORE & RENEWABLES
SUBSEA BROKER REPORT January 2023

GLOBAL SUBSEA FLEET

Subsea Support Vessels
Actively employed for chartering and tracked by Clarksons Brokers

Vessel Type Vessel Count % of Global Fleet Region Vessel Count % of Global Fleet

MPSV 164 31 North Sea/ Baltic 145 27.3

CSV 85 16 Med/Black Sea 34 6.4

ROVSV 89 16.7 Middle East 41 7.7

ADSV 40 7.5 Africa 46 8.7

SDSV 39 7.3 North America 72 13.6

LAYSV 58 10.9 South America 62 11.7

CLV 16 3 Atlantic 4 0.8

HLV 19 3.6 Asia 102 19.2

CAHTS 9 1.7 Indian Ocean 16 3

WINT 12 2.3 Australia 9 1.7

TOTAL 531 100% TOTAL 531 100%

SPS Code SPS Compliant Potentially Compliant Non Compliant TOTAL

Vessel Count 155 69 307 531

% of Global Fleet 29.2 13 57.8 100%

Source: EDT Offshore

www.clarksons.com 7
 OFFSHORE & RENEWABLES
SUBSEA BROKER REPORT January 2023

GLOBAL DAYRATES
Jan 2023 Jan 2023
NORTH SEA ASIA PACIFIC
Monthly Average (GBP/Day) Low High Monthly Average (USD/Day) Low High

DSV (SAT) - Twin Bell 101,850 153,260 DSV (SAT) - Twin Bell 66,000 128,000

DSV (SAT) - Single Bell n/a n/a DSV (SAT) - Single Bell 55,000 88,000

DSV (Air) n/a Na DSV (Air) 25,600 44,500

CSV - 400T+ Crane incl. 2 WROV 64,990 124,160 CSV - 400T+ Crane incl. 2 WROV 70,000 155,000

CSV - 250T Crane incl. 2 WROV 55,000 91,180 CSV - 250T Crane incl. 2 WROV 65,000 100,000

Light CSV - 150T Crane incl. 2 WROV 44,500 65,960 Light CSV - 150T Crane incl. 2 WROV 37,500 60,000

ROVSV - < 100T Crane incl. 2 WROV 36,000 41,125 ROVSV - < 100T Crane incl. 2 WROV 30,000 45,000

MPSV <150T Crane 25,000 30,000 MPSV <150T Crane 16,000 33,000

Jan 2023 Jan 2023

US GOM AMERICAS
Monthly Average (USD/Day) Low High Monthly Average (USD/Day) Low High

DSV (SAT) - Twin Bell n/a n/a DSV (SAT) - Twin Bell n/a n/a

DSV (SAT) - Single Bell n/a n/a DSV (SAT) - Single Bell n/a n/a

DSV (Air) n/a n/a DSV (Air) n/a n/a

CSV - 400T+ Crane incl. 2 WROV 175,000 220,000 CSV - 400T+ Crane incl. 2 WROV 87,500 125,000

CSV - 250T Crane incl. 2 WROV 145,000 195,000 CSV - 250T Crane incl. 2 WROV 75,000 95,500

Light CSV - 150T Crane incl. 2 WROV 105,000 145,000 Light CSV - 150T Crane incl. 2 WROV 55,000 72,500

ROVSV - < 100T Crane incl. 2 WROV 75,000 115,000 ROVSV - < 100T Crane incl. 2 WROV 45,500 59,000

MPSV <150T Crane 50,000 78,500 MPSV <150T Crane 35,000 55,000

Jan 2023 Jan 2023

WEST AFRICA MIDDLE EAST
Monthly Average (USD/Day) Low High Monthly Average (GBP/Day) Low High

DSV (SAT) - Twin Bell n/a n/a DSV (SAT) - Twin Bell 78,500 95,000

DSV (SAT) - Single Bell n/a n/a DSV (SAT) - Single Bell 45,400 87,600

DSV (Air) n/a n/a DSV (Air) 29,500 35,000

CSV - 400T+ Crane incl. 2 WROV 80,000 105,000 CSV - 400T+ Crane incl. 2 WROV 38,300 82,000

CSV - 250T Crane incl. 2 WROV 60,000 75,000 CSV - 250T Crane incl. 2 WROV 42,300 56,000

Light CSV - 150T Crane incl. 2 WROV 45,000 55,000 Light CSV - 150T Crane incl. 2 WROV 22,350 40,800

ROVSV - < 100T Crane incl. 2 WROV 40,000 45,000 ROVSV - < 100T Crane incl. 2 WROV n/a n/a

MPSV <150T Crane 20,000 25,000 MPSV <150T Crane 16,000 27,000

www.clarksons.com 8
 OFFSHORE & RENEWABLES
SUBSEA BROKER REPORT January 2023

NORTH SEA FLEET

ALL NORTH SEA
Vessel Type Total Fleet Active Fleet + Work Class ROV + Gangway System + SPS Compliant*

MPSV 38 38 14 8 14

CSV 22 22 14 6 13

ROVSV 33 33 25 6 22

ADSV 3 3 2 1 0

SDSV 10 10 10 0 4

LAYSV 7 7 7 0 1

CLV 8 7 2 0 2

HLV 4 4 0 0 0

CAHTS 4 4 2 0 0

WINT 4 4 3 0 0

TOTAL 133 132 79 21 56

UK SECTOR NORWEGIAN SECTOR

Vessel Type Active Fleet + Work Class + SPS Vessel Type Active Fleet + Work Class + SPS
ROV Compliant* ROV Compliant*
MPSV 9 4 2 MPSV 8 4 3
CSV 4 4 4 CSV 11 7 7
ROVSV 9 7 5 ROVSV 9 8 5
ADSV 0 0 0 ADSV 0 0 0
SDSV 6 6 2 SDSV 3 3 1
LAYSV 2 1 0 LAYSV 2 2 1
CLV 0 0 0 CLV 1 0 0
HLV 0 0 0 HLV 0 0 0
CAHTS 2 0 0 CAHTS 1 1 1
WINT 1 0 0 WINT 3 3 0
TOTAL 33 22 13 TOTAL 38 28 18

NORTH SEA UTILISATION

150 100%
Active Fleet Utilisation
140 90%
130 80%
120 70%
110 60%
UTILISATION %

100 50%
ACTIVE FLEET

90 40%
80 30%
70 20%
60 10%
50 0%
Q1 2022 Q2 2022 Q3 2022 Q4 2022 Q1 2022

www.clarksons.com 9
 OFFSHORE & RENEWABLES
SUBSEA BROKER REPORT January 2023

NORTH SEA DEPLOYMENT

NORWAY
Active Fleet 2022-2023

50

40

30

20

10

UNITED KINGDOM
Active Fleet 2022-2023
60
50
40
30
20
10
0

REST OF NORTH SEA

Active Fleet 2020-2021

70
60
50
40
30
20
10
0

Committed Available In Yard Laid Up Potentially Available In Transit

www.clarksons.com 10
 OFFSHORE & RENEWABLES
SUBSEA BROKER REPORT January 2023

NORTH SEA DAY RATES

Dive Support Vessels (DSV) SDSV Twin Bell
£160,000
Monthly Averages
£140,000

AVERAGE RATE (GBP/DAY)

2020 - 2023 £120,000
£100,000
£80,000
£60,000
£40,000
£20,000
£0

Construction Support Vessels (CSV)

CSV 400T+ Crane (2 WROV)
Monthly Averages £120,000
CSV 250T Crane (2 WROV)
AVERAGE RATE (GBP/DAY)

2020 - 2023 £100,000 LCSV 150T Crane (2 WROV)

£80,000

£60,000

£40,000

£20,000

£0

ROV Support Vessels (ROVSV) ROVSV <100T Crane (2 WROV)

£60,000
AVERAGE RATE (GBP/DAY)

Monthly Averages £50,000

2020 - 2023 £40,000

£30,000

£20,000

£10,000

£0

www.clarksons.com 11
 OFFSHORE & RENEWABLES
SUBSEA BROKER REPORT January 2023

NORTH SEA AVAILABILITY

Vessel Vessel Name DP LOA (m) Beam (m) Deck (m2) Offshore Crane (t) P.O.B Gangway - Current SPS WROV Details Position Available Charterer

CSV / DSV

Normand Maximus DP3 180.0 33.0 2,500 900.0 180 N N 2 x WROV Norw ay Available -

Siem Day DP2 120.8 22.0 1,300 250.0 110 N Y 1 x WROV Netherlands Available -

Normand Installer DP3 123.5 28.0 1,270 250.0 100 N N 2 x WROV Norw ay Available -

North Sea Giant DP3 161.0 30.0 2,900 400.0 120 N Y 2 x WROV Norw ay Available -

Boa Sub C DP3 138.5 30.7 2,004 400.0 153 N Y 2 x WROV Netherlands Warm Lay Up -

ROVSV / CAHTS

Edda Sun DP2 85 18 650 70 72 N Y No Denmark Available -

Olympic Taurus DP2 94 20 1,000 125 60 N Y No Norw ay Available -

EDT Jane DP2 89 19 663 70 71 N Y 1 x WROV UK Available Fugro

Horizon Enabler DP2 96 20 990 100 82 N Y 1 x WROV U.K Available Helix RS

EDT Hercules DP2 89 19 608 100 71 N Y 1 x WROV U.K Available -

Island Valiant DP2 94 22 840 90 60 N N 1 x WROV Norw ay Available -

MPSV

Glomar Wave DP2 66 13 300 25 60 N Y No Netherlands Available -

Ievoli Amber DP2 84 17 722 50 50 N TBC 1 x WROV Germany Available -

Sar Brage DP2 84 19 920 3 26 N N No U.K Available -

Normand Superior DP2 98 22 875 150 85 N Y 2 x WROV's Norw ay Available Ocean I nfinity

Vos Sweet DP2 60 15 375 24 49 N Y No Netherlands Available -

Vos Stone DP2 80 18 260 50 87 Y Y No Netherlands Available -

James Fisher /
Go Electra DP2 80 17 506 25 66 N N 1 x WROV U.K Mid / Late Feb
Seaw ay 7

Yard &
Glomar Vantage DP1 56 12 105 5 29 N N No Poland March
Maintenance

www.clarksons.com 12
 OFFSHORE & RENEWABLES
SUBSEA BROKER REPORT January 2023

AFRICA AVAILABILITY
Deck Area Helideck Gangway -
Vessel Name Subsea Type DP LOA (m) Beam (m) Crane Capacity (T) P.O.B SPS Compliant (Y/N) WROV (Y/N) Position Available - Date Charterer
(m2) (Y/N) Current (Y/N)

Bourbon Evolution 802 MPSV DP3 100.0 21.0 940 150 Y 105 N Y Y Ivory Coast Available -

Jascon 55 MPSV DP2 78.0 20.0 700 120 Y 172 N Potentially N Nigeria Available -

HD Contender ADSV DP2 78.0 14.0 500 35 Y 60 N N Y Nigeria Available -

Komodo AHTS DP2 70.9 16.0 357 30 N 46 N N Y Ghana Available -

Atlantic Tonjer ROVSV DP2 81.0 18.0 550 50 Y 78 Y Y Y Gabon 08/02/2023 BW Energy Gabon

HD Enterprise MPSV DP2 88.0 24.0 500 25 N 58 (90) N N N Nigeria 20/02/2023 Shell Nigeria

HD Pioneer ADSV DP2 61.0 26.5 836 35 Y 64 N N Y Nigeria 20/02/2023 Various

Skandi Iceman AHTS DP2 93.6 24.0 780 N N 45 N Y Y Mauritania 01/03/2023 DOF Subsea

Boka Falcon CAHTS DP2 93.4 22.0 815 150 N 100 N N Y Senegal 01/03/2023 Undisclosed

Normand Frontier CSV DP2 121.0 23.0 1,400 250 Y 100 N Y Y Equatorial Guinea 15/04/2023 Maersk

Stark AHTS DP2 60.0 18.0 435 N Y 38 Y N N Nigeria 30/04/2023 First E&P Ltd

Greatship Manisha PSV DP2 93.7 19.7 1020 (75t option) N 66 N N N Angola 26/05/2023 Total Angola

African Vision ROVSV DP2 93.5 19.5 1000 100 Y 66 N N Y Nigeria 03/06/2023 ExxonMobil

GO Supporter MPSV DP2 94.0 19.7 800 150 Y 100 N Y N Nigeria 01/09/2023 MPL

Pacific Dragon AHTS DP2 92.0 22.0 650 N N 37 N Y N Angola 15/09/2023 ENI Angola

Ocean Intervention III MPSV DP2 90.5 18.7 762 150 Y 71 N N Y Angola 01/10/2023 Oceaneering

Skandi Seven CSV DP3 120.5 23.0 1300 250 Y 120 N Potentially Y Angola 01/10/2023 ENI Angola

Bourbon Evolution 807 MPSV DP3 100.0 21.0 940 150 Y 105 N Y Y Congo 06/10/2023 TotalEnergies E&P Congo

Island Frontier WINT DP3 106.0 21.0 945 130 Y 72 N N Y Equatorial Guinea 05/11/2023 Oceaneering

Siem Spearfish CSV DP2 120.8 23.0 1300 250 Y 110 N Y Y Angola 15/12/2023 DeepOcean

African Inspiration CSV DP2 113.0 22.0 1200 250 Y 120 N Y Y Nigeria 31/12/2023 Chevron Nigeria

Bourbon Evolution 804 MPSV DP3 100.0 21.0 940 150 Y 105 N Y Y Ivory Coast 01/01/2024 Tullow

Grand Canyon III CSV DP3 128.0 25.0 1650 250 Y 104 N Y Y Mauritania 01/01/2024 Helix RS

Maersk Involver CSV DP3 137.0 27.0 1850 400 Y 120 N Y Y Angola 01/01/2024 TotalEnergies

MMA Privilege MPSV DP2 90.0 22.0 800 50 N 239 Y Y N Ivory Coast 15/03/2024 CNR

Normand Energy ROVSV DP3 130.0 28.0 2000 250 Y 100 N N Y Angola 04/04/2024 Chevron

Maersk Forza CSV DP2 107.5 22.0 1,120 250 Y 120 N Y Y Angola 01/07/2024 ExxonMobil

Zwerver I MPSV DP2 68.0 24.0 800 40 N 58 N N N Congo 30/08/2024 CGOC

Bourbon Evolution 805 MPSV DP3 100.0 21.0 940 150 Y 105 Y Y N Angola 01/02/2025 Total Angola

Mo Toucan MPSV DP2 88.4 20.6 920 120 Y 100 N N Y Nigeria 01/03/2025 Undisclosed

Skandi Constructor CSV DP3 120.2 25.0 1,470 250 Y 100 N N Y Nigeria 01/11/2025 VAALCO

Topaz Commander MPSV DP2 84.0 19.0 840 100 Y 50 N N N Equatorial Guinea 28/03/2028 Trident Energy

Seven Borealis LAYSV DP3 182.0 46.0 730 5000 Y 399 N N Y Angola - Subsea 7

Seven Vega LAYSV DP3 149.2 33.0 800 250 Y 120 N Y Y Senegal - Subsea 7

Siem Marlin MPSV DP2 93.5 19.5 1046 100 Y 68 N N Y Nigeria - SNEPCO

Simar Esperanca ROVSV DP2 104.0 20.0 1150 150 Y 100 N N Y Senegal - Subsea 7

Bourbon Evolution 808 MPSV DP3 100.0 21.0 940 150 Y 105 N Y Y Ivory Coast * Laid Up

Bourbon Evolution 801 MPSV DP3 95.5 21.0 940 Removed (150) Y 105 N Y N Ivory Coast * Laid Up

Bourbon Evolution 803 MPSV DP3 100.0 21.0 940 150 Y 105 N Y N Ghana * Laid Up

DSV Avianna MPSV DP2 78.0 20.0 700 60 N 150 N N N Nigeria * Laid Up

Go Gliese MPSV DP1 61.2 16.0 340 45 N 90 N N N Nigeria * Laid Up

Lady Stef AHTS DP2 70.0 15.0 309 N N 42 N N N Nigeria * Laid Up

Niger Delta King MPSV DP2 73.5 19.0 920 60 N 70 N N N South Africa * Laid Up

Seven Antares CSV No DP 119.0 32.0 1370 300 Y 338 N N N Nigeria * Laid Up

www.clarksons.com 13
 OFFSHORE & RENEWABLES
SUBSEA BROKER REPORT January 2023

DEFINITIONS
Vessel Type Abbreviation Description Defining Factors

Construction Anchor CAHTS Anchor Handling Vessel equipped with subsea Subsea Crane and/or A-
Handling Tug Vessel crane/A-Frame and/or permanent ROV Frame, Permanent ROV(s)

Cable Lay Vessel CLV Dedicated vessel for the deployment of fibre Fitted with purpose built
optic and power cables equipment for cable-lay

Construction Support CSV Vessels equipped for larger installation and 151-1,000t crane,
Vessel construction support permanent ROV(s), LOA
typically 120-200m, Accom
90+

Dive Support Vessel DSV Vessel equipped with integral Saturation (SDSV) LOA 80-150m, Saturation
and/or Air Dive Spread (ADSV) and/or Air Dive Spread,
Accom 100+ (for larger SAT
vessels)

Heavy Lift Vessel HLV Crane Vessels with large cranes for the 1,001t+ crane
installation of the heaviest offshore structures

Pipelay Support LAYSV Vessels equipped for flexible and/or rigid Similar to CSV but fitted (or
Vessel pipelay operations largely in the Oil and Gas intended to) with vertical
market and/or horizontal lay
spread

Multi-Purpose Support MPSV Multi-Purpose Vessel or Modified PSV with 1-150t crane, LOA typically
Vessel subsea crane and/or prepared for ROV 70-100m in length, Accom
operations 50-100

ROV Support Vessel ROVSV Multi-Purpose Vessel permanently equipped 1-150t crane, permanent
with subsea crane and ROV operations ROV(s), Integral ROV
Hangar or similar, LOA
typically 70-100m, Accom
50-100

Well Intervention WINT Vessel permanently equipped for Well Riser-Based or Riserless Well
Vessel Intervention activities Intervention Package, LOA
typically 120-160m, Accom
100+

www.clarksons.com 14
OFFSHORE & RENEWABLES

CONTACTS
Clarksons Offshore & Renewables Limited
City Wharf
Shiprow
Aberdeen
AB11 5BY Tel: +44 (0) 1224 256600
offshore.aberdeen@clarksons.com

Aberdeen Oslo

Jonathan Lints Petter Dyring

Subsea.Aberdeen@clarksons.com Subsea.Aberdeen@clarksons.com
Tel: +44 1224 256674 Tel: +47 23 11 27 42

London Houston

Johnny Fawthrop Jack Fitzgerald

Johnny.Fawthrop@clarksons.com Jack.fitzgerald@clarksons.com
Tel: +44 20 7334 3126 Tel: +1 713 235 7469

Dubai / Singapore

Tilly Manley
Subsea.singapore@clarksons.com
Tel: +65 6654 6607