Sentinel Marine has secured new contracts and extended existing contracts to the combined value of £17million so far this year.
Among the new work for the Aberdeen-based offshore support vessels provider is a contract with Nexen.
Sentinel will carry out rescue and recovery services at the operator’s Golden Eagle and Buzzard fields over a four year period.
This work will be carried out by the multi-role emergency response and rescue vessel (ERRV) Fastnet Sentinel. The contract also includes options to extend.
Fastnet Sentinel is one of five new ERRV vessels built for Sentinel Marine since 2015.
It forms part of the modern generation of ERRVs which provide a wider scope of value added services including dynamic positioning and cargo facilities than previous ships, many of which were converted from fishing vessels and older supply vessels to operate as ERRVs. It is estimated that over 30% of all of the vessels operating in the sector are at least 30 years old.
Chief executive of Sentinel Marine Rory Deans said: “These are significant contracts for Sentinel Marine. There are clear advantages for operators contracting with a young fleet.
“A multi role vessel like Fastnet Sentinel is built for purpose, is more technically advanced and is more fuel efficient than an aging asset which is far more expensive to operate. For example, an older vessel may burn three to four tonnes of fuel a day compared to one tonne for a new ship.”
Sentinel Marine have a further four vessels on order, with delivery expected over the next two years.
The order represents a a total investment in excess of £110M.
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