Jack up accommodation barge equipment is just one asset that nearly every producer uses in their fields. However, with barrel prices dropping, it becomes harder and harder to keep these assets running. And that's without taking into account the human element. So what can you do about it?
Well, any sensible producer will certainly not be in hiding until things become more profitable. Over the past couple of years, the price per barrel has dropped. Crude oil futures contracts are trading at a new low in January 2016 â€“ under $30 per barrel for the first time since 2004. Many forecasts have become extremely pessimistic as a result â€“ with major financial institutes estimating between $16-30 per barrel and Standard Chartered estimating a worst-case scenario of $10 per barrel. These figures are enough to make the most positive of business investors, particularly those with mature fields, feel rather glum about the future. However, there's no need to just sit there and hope for the best market conditions â€“ because with proper offshore asset management, there's an opportunity for you to make your project even more productive. There's nothing backwards about such an investment â€“ it's about increasing the viability of your mature fields and boosting your profits back in the right direction. So you want to find the right company with the technical ability and know-how to support your operations. This includes access to equipment such as jack up barge rigs and knowledge to understand vessel staffing level. This will make your operation more cost efficient and maintainable through trying industry market conditions.
At Attollo Offshore Ltd, we provide that light in the darkness. We are specialist managers with unrivalled expert knowledge of the investment challenges and demands faced by late field life operations, including the operation of assets: whether it's a jack up accommodation barge or intervention vessels. To read about our services, visit http://www.attollo-offshore.com/, or phone our Aberdeen-based offices at +44 1224 959810 for more information.