Shell moves for MagnusNews // September 11, 2006
Seabrokers reports that, after an extensive period of high rates for rig moving vessels, Shell EPE has decided to take the bull by the horns and hire another term vessel to conduct in-house rig moves.
Shell currently has 12 rigs on hire, and the hectic rig move schedule has left them at the mercy of the market more often that they would like, hence the timely addition to the Shell fleet.
Magnus is an AHT with 200 tonnes of bollard pull and DP2 and was due to be delivered to Shell by owner Harms Offshore in early September.
Said Seabrokers: "This will now give Shell EPE three term rig move vessels, and as a result will reduce spot market exposure, and improve efficiency. Shell EPE are now a European team, thus the vessel will be put to work in UK, Norwegian and Dutch waters."
This will be the owner's third vessel working on a term charter in the North Sea, expanding their reputation of being a quality supplier of offshore tonnage.