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    Broker provides update on ERRV market

    News // June 11, 2004
    Offshore Shipbrokers Ltd (OSL) says that following the recent BP announcement on its project Jigsaw, it understands that Shell has now advised ownersthat they are considering awarding a contract to one company to provide ERRV services to cover requirements in UK, Norway, and Holland.

    Whilst there will be no immediate need for extra vessels a total of some 18/20 vessels will be required (UK North 12 - UK South 4 - Norway 1/2 -Holland 1/2) to service existing requirements.

    "It will be interesting to see whether any one owner will be prepared to commit large sums to take on the project themselves with the more likely scenario being that owners will form consortiums to bid the contract. Timing is unclear but an 'on line' bidcould be conducted later this year with implementation in 2005," said OSL.

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