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Semco Maritime still challenged in 2016 by oil and gas markets under pressure
Oil and gas prices stabilised at a low level in 2016, and this did not encourage new industry activity or investments by Semco Maritime’s customers. The low demand entailed a decline in Semco Maritime’s revenue to DKK 1,598 million compared to DKK 1,744 million in 2015.
The revenue decline of 8% in 2016 was smaller than the decline in 2015, and the positive developments within our business areas Offshore Wind and Renewables contributed to accommodating the negative impact from the oil and gas markets.
Semco Maritime hosted technology day in Stavanger, SEMTECH 2017, attracting major oil & gas industry players, including, major drilling contractors, E&P operators and service companies.
SEMTECH is a forum for discussion about the Norwegian oil & gas industry safety requirements, innovative solutions for the oil & gas industry, and the market outlook for the Norwegian continental shelf. The event took place on the 30th of March 2017 at Victoria Hotel, Stavanger.
13 March Maersk Oil and Gas and Semco Maritime signed a contract for manpower to the operations in the North Sea.
The contract, which has a duration of 5 years, include both blue collared and white collared employees. The agreement means that Semco Maritime will increase the number of offshore employees in the coming years.
Semco Maritime and Skipavika enter into strategic agreement on service preparedness for all rigs at the port facility Skipavika Terminal near Bergen.
The agreement also comprises an intention to develop the submarine base Olavsvern near Tromsø as a rig service centre.
On March 7 2017, our periodic preventive maintenance team is celebrating 10 years with ZERO lost time accidents! This means more than 1 million offshore hours without any LTAs. A truely remarkable safety performance!
Our PPM team reached this impressive milestone because of their strongly rooted safety mindset and a safety behavior that leaves no room for compromises.
Semco Maritime, Norway has completed the upgrade project on the rig Island Innovator.
The rig left the Semco Maritime yard at Hanøytangen on Friday 24 February. It has been in the yard since September 2016. After various modification and service work the rig will now mobilize to the Edvard Grieg field in the Norwegian part of the North Sea to work for Lundin Petroleum, drilling for 16/1-27 appraisal well for 30 to 35 days.
With the order for a mobilisation task for ”Seajacks Scylla”, Semco Maritime now strengthens its position further in the offshore wind industry. This strategically important scope of work will be completed at the dockyard in Esbjerg. Semco Maritime will be granted the assignment of fabricate and installation of new sea fastening on “Scylla”, the world’s largest vessel for installation of offshore wind turbines.
Semco Maritime enters into a 5-year agreement for service and maintenance of substation for the Nordsee One wind farm and opens new office in Norddeich, Germany.
Leading manufacturer of offshore substations for the wind industry, Semco Maritime, has entered into a 5-year contract for full service and maintenance of the substation, which controls the power from wind turbines in Nordsee One.