Logistics provider Peterson and its partners say sharing supply vessels in the North Sea rather than contracting dedicated units is a more cost-effective approach and is one that other companies could learn from.
Working closely with partners Maersk Oil North Sea UK Limited , Petrofac and Dana Petroleum Ltd, Peterson has launched a vessel sharing scheme for the central and northern North Sea (CNNS) region.
Operating from Peterson’s Waterloo Quay facility in Aberdeen, the vessel pool has two weekly sailings serving four assets: Maersk Oil’s Gryphon and Global Producer III floating production, storage and offloading (FPSO) units, Dana’s Triton FPSO and the FPF-1 of which Petrofac is duty holder.
The collaborative approach sees Peterson acting as an independent facilitator as well as vessel charterer. The CNNS pool builds on Peterson’s experience managing vessel sharing in the southern North Sea for more than two decades.
A suite of tools and algorithms developed by Peterson ensures efficient voyage planning and accurate, transparent allocation of costs to each company ensuring voyage costs are allocated correctly and fairly. A steering group allows representatives from the partners to set the high-level pooling strategy and ensure each operator is fully and equally represented to ensure their needs are planned into the port schedule. There is also an operations committee to manage routine operations.
CNNS pool members are already experiencing benefits from the approach, including maximising efficiency through combining volumes, distance and capacity, increased flexibility in schedules, minimising exposure to the environment by dramatically reducing sailing distances and vessels while delivering costs savings. Vessel sharing also allows for a uniform approach delivered through one standard level agreement, giving maximised safety through standardised processes.
Peterson regional director Chris Coull said “We are looking forward to expanding our offering and have built our model in a way that we can easily expand as the market demand increases to include more pool partners. Other companies are watching the progress of this initiative with great interest and we trust we will welcome more forward-thinking organisations on board in the future.”
Petrofac’s corporate logistics superintendent Les Mills said “Reducing the cost of operations in the UK continental shelf is a collective industry responsibility and Petrofac is committed to playing its part. We’re very excited to be part of this group bringing new levels of collaboration to the North Sea.
“Reducing the number of vessel voyages has many advantages. Fewer vessel movements minimises safety risks, reduces emissions and lowers costs for the vessel charterer and share partners. As established and new entrant operators seek to extend field life in the North Sea, logistics sharing provides an effective way to meet operating requirements, while reducing costs when compared to dedicated resources.”