ESVAGT strengthens its market share in the UK sector

ESVAGT has been awarded a contract from Serica Energy for standby duties on the Bruce field located in the UK Central North Sea. The contract will be covered by Esvagt Cassiopeia.

New contract strengthens ESVAGT’s market position in the UK

This brings the number of vessels in the strategically important British production market up to seven, which pleases ESVAGT’s CEO Peter Lytzen:

‘It is a proof of confidence in ESVAGT and in the way we work. We can be competitive thanks to our quality vessels and crew, because they provide an added value to the client’, says Peter Lytzen.

Currently, ESVAGT has 18 vessels that are UK MCA approved. ESVAGT’s equipment and operation result in a competitive advantage in a very cost-conscious market.

‘Our vessels are capable of performing standby duties closer to the rigs, leading to a lower fuel consumption and a faster response time’, Peter Lytzen adds:‘We have never left an installation due to weather conditions, and we are still working in a substantially higher sea state than our competitors. This expands the weather window for helicopter operations and overside work, which offers efficiency and value to our clients’, says Peter Lytzen.

The contract with Serica Energy runs for a year firm with options up to 6 years.

’Esvagt Cassiopeia’ completed a contract with Apache mid-November, also in the UK sector.

Source: Esvagt