Wednesday, 14 October 2015

STANFORD MARINE COMMENCES NEW CONTRACT IN NIGERIA

Tectono Business Review gathered that the Stanford Buzzard and Stanford Eagle, two Offshore Support Vessels (OSVs) owned by Stanford Marine, are beginning new contracts in Nigeria.

Flagged in St. Vincent Grenadines, Stanford Eagle is an entirely modern vessel, built in China in 2014. The 75 m vessel features Dynamic Positioning 2 (DP2) functionality and Firefighting (FiFi) 1 capability. The vessel will be on charter to Total, off Nigeria, for 30 months.

Meanwhile, Stanford Buzzard, delivered to Stanford Marine in October 2011, is similarly equipped with DP2 and FiFi1 capability, and similarly is on 12-month charter off Nigeria, this time For ExxonMobil.

Despite the poor state of the oil and gas industry, Stanford chartering manager, Jessy Joy, indicates that this will not dissuade the company from entering new business areas, like Nigeria.

Joy said: “We’re thinking long term. Nigeria is a tough market, but we always want to be expanding.”

Patrick Van Tijn, the Dynamic Positioning technical manager, said: “The contracts are going very well. We’ve had good communication with our clients, crew changes have gone smoothly, and we haven’t had any lost time incidents.”