Stay ahead of the competition with real-time data on utilisation, day rates and backlogs. The firm contract value is approximately $9 million, including additional services … Heerema Fabrication Group has opened a new fabrication facility in southern Poland. … Bassoe Rig Analytics weekly rig market round-up (week 1) This week we saw Petrobras award two new rig deals offshore Brazil, drillship Stena Carron commenced drilling … The firm contract value is approximately $9 million, including additional services provided and a mobilization fee. In 2016, he developed and managed strategy for the Norwegian rig brokerage's … The contract is expected to begin in March 2021, with an estimated duration of 35 days. The contract is expected to begin in March 2021, with an estimated duration of 35 days. Shipyards face taking a $15.2bn hit on unwanted drilling rig and drillship newbuildings that remain at their yards, according to latest research by Bassoe Offshore. Benchmark technical specifications of the global fleet of 1,150+ offshore rigs to shortlist for upcoming campaigns. Purchase offers are increasing in terms of both number of transactions and value. Get quotes from this business. … It currently carries a Zacks Industry Rank #235, which places it … Bassoe Rig Analytics weekly rig market round-up (week 51) Over the past week, Vantage announced a new contract for its jackup Sapphire Driller in West Africa, several units … Bassoe Offshore’s Rig Valuation Tool (RVT) is a combination of digitalized, data-driven methods and human expertise which aims to provide a greater degree of valuation … According to Bassoe Offshore, offshore rig values have declined almost 42 percent in 12 months, equating to a loss of around $30 billion. ResumeMatch - Sample Resume, Resume Template, Resume Example, Resume Builder,Resume linkedin,Resume Grade,File Convert. Bassoe Technology was established by Bassoe Group in Gothenburg, Sweden in 2007. Based on the success of Bassoe Analytics' Rig Valuation Tool, we've built a new valuation product with enhanced functionality and insight into the rig market. Hercules' gar(b)age sale Word got out Monday that Hercules Offshore is attempting to offload some of its least desirable drilling rigs with the assistance of broker Bassoe Offshore. Offshore Rig Values Take $30B Hit. 15/12/2020. Bassoe Offshore Oslo Trends signaling a rig market recovery have emerged this year. The Esgian Rig Service is a set of unique tools presenting independent valuations, emissions, and commercial data of all offshore rigs online 24/7. Rig contracting activity and utilization are up, asset values are up, and first-quarter crude oil benchmark prices held relatively stable. Page 4 ... Bassoe Offshore Monthly Historical Second Hand Rig Value Source: Offshore Data Services, Inc. World Capacity Utilization 80.0% 85.0% 90.0% 95.0% 100.0% The drillship was built in 2011. That’s according to Bassoe Offshore, which noted that the offshore … The Zacks Oil and Gas - Drilling industry is an 8-stock group within the broader Zacks Oil - Energy sector. Offshore oil & gas and renewables rig brokerage and project development services As per Bassoe Offshore database, the most expensive drillship right now is the warm stacked Sonangol Libongos which is managed by Seadrill. It develops concepts and basic design for floating rigs such as drillships and semisubmersibles. The merged company, called E sgian, has been described as … On Bassoe Analytics, you'll find a wide range of … Bassoe Group has sold rig designer Bassoe Technology to CIMC Offshore. Bassoe Offshore has estimated the dayrate to be around $70,000. Bassoe Analytics estimates that the original order value of these 65 remaining rigs would have been in the arena of $21.4 billion and when compared to our current estimated … Offshore drilling firm Aquadrill, formerly known as Seadrill Partners, has entered into a charter hire agreement with drilling contractor Diamond Offshore Drilling for its Auriga drillship. While current average Rig Valuation Tool (RVT) values for 6th gen Norway-compliant semis are at $350m, we already value the West Mira (including other ‘premium’ … Offshore service firms may need to scrap up to 200 of the about 800 existing floating rigs to regain profitable lease rates, said David Carter Shinn, head of analysis for rig brokerage Bassoe Offshore. According to Esgian Rig Service, the entire offshore drilling rig fleet is currently valued at $43.9 billion, which, although it is an almost 3% drop against July 2020’s figure of … Users can generate values for a wider range of rig types … New buyers are acquiring stranded rigs. Bassoe Analytics is an open source and collaborative offshore rig database and analysis platform. The rig brokers set a tentative contract start-up date for January 1, 2023, with the estimated contract duration of 517 days on a day rate of around $490,000. The first of these was our Rig Valuation Tool (RVT) which generates values for mobile offshore drilling rigs. Offshore rigs, including jack-ups, drill ships, semi-submersibles, tenders, barges and platform-based units, covered. RigBase, a web-based resource for the offshore drilling industry, is launched today by Bassoe Offshore Consultants. Norwegian rig broker Bassoe Offshore’s Bassoe Analytics tool shows the rig is currently warm stacked in Brazil. These remaining 65 offshore rigs, at an original estimated order value of $21.4bn (£16.3bn), are now worth around $6.2bn (£4.7bn), highlighting the “brutal” losses for shipyards, … In the app, you'll find a wide range of commercial data, technical data, asset valuation data, and data visualizations. Bassoe Rig … Offshore oil & gas and renewables rig brokerage and project development services. selectively deploying offshore drilling rigs and drillships, on fixed rate, long-term contracts. By Allister Thomas. Bassoe Offshore estimates that the day rate is $180,000. View Profile. The Esgian Rig Service is a set of unique tools presenting independent valuations, emissions, and commercial data of all offshore rigs online 24/7. Here’s the … There has been some improvement of late in market fundamentals – Brent crude oil reached $50 per barrel last week, rig tendering and award activity is on the rise and scrapping of older rigs is also increasing. Subsequently, Bassoe Rig Values believes that the current improved environment has prevented values from falling further of late. The platform is available on the web and via our mobile app and offers free and premium (paid) … Offshore rigs lose $30billion in value over 12 months – Bassoe. Address: 2000 W Loop S Ste 2110 Houston, TX. Bassoe Rig Analytics is a leading database and analysis platform for offshore rig market data. InfieldRigs covers rigs by operator, utilisation trends by rig type and average dayrates as well as information on rig specifications (IMO, classification, name, type, country … Data by MarineTraffic shows the rig as being at anchor near the Badejo field in the Campos Basin. October 1, 2021. Bassoe Analytics estimates that the original order value of these 65 remaining rigs would have been in the arena of $21.4 billion and when compared to our current estimated … It is the go-to solutions for companies looking … Offshore drilling rigs have never been the simplest of assets to value, but in an illiquid market the valuation process becomes even more muddled, writes David Carter Shinn … The rig's value is estimated at $304-336 million. Bassoe Offshore estimates the Vitoria 10000 value to be around 105 – 116 million. A dayrate of over $350,000 for a one-year contract would be required just to break even. By David Carter Shinn, Bassoe Offshore . Bassoe Analytics Valuation Service provides users with 24/7 valuations on over 800 offshore rigs as well as contractors' fleet values, using a clear valuation methodology … Bassoe Technology’s first job for one of its sister companies in the group is to develop a basic tender rig design for Houston-based BassDrill, which currently is negotiating … When utilization in the offshore rig market reaches around 85%, dayrates start to rise significantly. Bassoe Offshore said that, in order for the industry to get to that level where day rates improve – 85% marketed utilisation –there needs to be a total of 126 jackup rigs … The Esgian Rig Service is a set of unique tools presenting independent valuations, emissions, and commercial data of all offshore rigs online 24/7. It is the go-to solutions for companies looking for a trusted, independent provider of data, analysis, forecasting/planning and valuations for the offshore rig market. The RVT gives rig owners, investors, shipyards, financial institutions, … To remind, Pertamina had in November 2019 awarded a contract extension for the rig that was supposed to keep the jack-up unit busy in Indonesia until early December 2020. RigBase is a rig market information system that provides … Ocyan did not disclose the financial value of the contract, though Bassoe Offshore reported the daytrate to be around $200,000. Although we’re only a little more than one quarter through the year, jackup attrition in 2018 has already reached 17 rigs. According to Bassoe Offshore, offshore rig values have declined almost 42 percent in 12 months, equating to a loss of around $30 billion. The online rig data portal provides free, restricted access to the InfieldRigs drilling market intelligence tool. Seems like a value to pick up for 9-14 million, original worth of 600 million.. that’s some depreciation for you. As utilization moves from 60%, for example, up toward over 80%, dayrates … Bassoe Analytics offers a wide range of commercial data, technical data, valuation data (from our Rig … This week, Bassoe Offshore launched its “Rig Valuation Tool” (RVT). Figure 1: Changes to offshore rig fleet values from December 2019 – December 2020 (Source: Bassoe Rig Values/Esgian) Lack of buying power from traditional parties . The folks over at Bassoe Analytics currently value the rig between 9 -14 million. Bassoe Offshore has estimated the dayrate for the rig to be around $200000. There is little hope for a rebound in … … It is the go-to solutions for companies looking for a trusted, independent provider of data, analysis, forecasting/planning and valuations for the offshore rig market. Worth reminding, Bassoe Offshore was pretty close when it earlier this month estimated the contract would be worth around $253 million. Click this link to the sponsor page here at IV to see FREE options tools MarketClub offers traders at any level of options experience. Out of this number, 14 rigs are drilling, 2 are warm-stacked, 10 are cold-stacked and 5 are under construction. Users of the rig portal site can filter the rigs dataset by drilling unit manager, rig name, rig type (jackup, drillship, semisub and tender), country, rig design, status and operating region. Mr. Bassoe is the principal of Bassoe Offshore AS and has more than 30 years of experience in the offshore oil services industry. He has initiated, developed, financed and executed nine rig owning companies and two services companies within rig market data analysis and engineering. For companies working in or evaluating the offshore drilling industry, Petrodata Rigs is a tool that delivers the most trusted data and market intelligence on the global offshore drilling rig fleet, collected since 1984. Clearly, the book value is … Since then, we added our Transaction Database which tracks all offshore rig sale and purchase activity, including sales for scrapping and conversion. Premier did not provide details on the expected duration nor on the value of the drillship contract. At the time of the transaction announcement, our Rig Valuation Tool had a total transaction value of $224–255 million vs. the $225 million total price paid. Menu & Reservations Make … Phone: (713) 850-9002. The RVT goes beyond traditional rig valuation tables. Bassoe Analytics’ Rig Valuation Tool (RVT), gives a value range of $160–176 million for the Leiv Eiriksson. The two year deal will see Fugro help ensure safe and efficient transit, anchoring and drilling activities for the program’s semi-submersible rig and support vessels, Fugro outlined. Official Investor Village Sponsor. Bassoe Rig Analytics is a leading database and analysis platform for offshore rig market data. The platform is available on the web and via our mobile app and offers free and premium (paid) account types. Recently, Bassoe Rig Analytics became part of Esgian. Esgian is a company built on the fact that we make better decisions when we are informed. Offshore rig values have declined almost 42 percent in 12 months, equating to a loss of around $30 billion. Read Time: 2 mins. Bassoe Offshore values the company’s fleet at $9.4 billion-$10.4 billion (note that newbuilds are not counted by Bassoe). Executive Summary. The Total contract, with an estimated day rate of $160,000, is scheduled to complete in mid-June 2020, per data on Bassoe Analytics. The rig brokers set a tentative contract start-up date for January 1, 2023, with the estimated contract duration of 517 days on a day rate of around $490,000. Bassoe Offshore 2000 West Loop S Houston TX 77027. Project Management Consultants. The Eirik Raude gets a range of $29–38 million, but Ocean Rig … Currently, there are 31 rigs in the Bassoe Offshore database. That’s an … Bassoe Analytics is an open source and collaborative offshore rig database and analysis platform. Here's what you can do with it. On Bassoe Analytics, you'll find a wide range of commercial data, technical data, valuation data (from our Rig Valuation Tool), and graphing tools. Could someone out there pick up the Paros and upgrade it with another equipment package to make it marketable again? Looking at data from the Bassoe Analytics offshore rig database, 21 jackups left the fleet in 2017 (15 for scrapping and 6 for conversion). The company currently has three cold-stacked rigs: drillship Noble Bully I and semi-subs Noble Danny Adkins … Cover Letter for Jobs Worth reminding, Bassoe Offshore was pretty close when it earlier this month estimated the contract would be worth around $253 million. 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