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Oil sector activity reignites, sending more vessels back to work, Esvagt says

© Supplied by EsvagtEsvagt Castor.
Esvagt Castor.

Emergency response and rescue vessel firm Esvagt said today that a “re-ignition” of oil and gas sector activity was creating a “promising” increase in demand.

The Danish firm said several of its vessels had been signed up for offshore campaigns.

Ithaca Energy has extended its charter of the Esvagt Christina as ERRV for the Stella field in the UK central North Sea.

When the extension ends, Esvagt Christina will have been working at the field for three years.

At the end of March, Esvagt Champion entered into contract with IOG and the Noble Hans Deul rig to provide support for well operations. The contract is for 450 days.

Esvagt Castor started providing support for Hess for a campaign in the Danish sector along with the Esvagt Innovator.

Esvagt Carpathia has been chartered to Total DK, and Esvagt Don is reactivated for the spot market and as back-up crew change vessel.

“Last autumn we saw the first signs of reignition, and we now see an increase in demand for vessels,” said Ib Henrik Hansen, head of commercial for Esvagt.

“There are definite positive trends in the market and we are seeing an increase in activity levels that look good right now and promising for 2022.”

Esvagt provides safety and support at sea and services the offshore wind and oil and gas industries.

It was founded in 1981 and has a fleet of more than 40 vessels and about 1,100 employees offshore and onshore.

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