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Jackup Barges Eating Into Your Finances?

Jackup barges are generally a necessity towards extracting oil. They will support drilling rigs and tender rigs – including essentials such as living quarters, power generators, storage, helicopter pads and cranes. But is there a way to bring down the amount of money you are spending on these facilities?

Jack up barge platforms cost a lot of money – especially when they're leased. Then there's the cost of the crew to keep everything ticking. Costs can easily run into five or six figures per day of operation. Many oil companies, in recent years, have found these costs to be excessive compared to their current ability to produce financially-viable production operations. This has led to a number of major producers – such as BP – paying big money to cancel their contracts for rigs. This is due to many of these contracts lasting for 5 or even 10 years – meaning they are not easy to walk away from without brokering a deal with the leasing company. However, while it's easy to look at threats to your viability as a negative, it's also possible to take advantage of these new opportunities being offered. For example, with many oil producers having unsteady relationships and contracts with those leasing the rigs, this could be a prime time to take advantage of lower rental barge and rig costs to secure a contract that could save thousands per day. However, this is just one of many avenues in which you can save. With the right offshore asset management team helping you out, they can help drive down costs and bring healthy profits back to your operations.

At Attollo Offshore Ltd, we have the marine expertise to help drive down these costs. Whether it's embracing modern technology; or if you need your industry assets, like your jackup barges, operated at a lower price – we're there to get it done. To read more, please visit http://www.attollo-offshore.com/. Then email info@attollo-offshore.com or call us on +44 1224 959810 to see what we can do for you.