Wintermar to operate new PSV vessel

Wintermar to operate new PSV vessel

09:55 28 February in Uncategorized

Fadli, The Jakarta Post, Batam | Business | Thu, February 28 2013, 12:02 PM

An Indonesian-based shipping company PT Wintermar Offshore Marine Tbk (WINS) will operate a new type of 3,500 deadweight tonnage (dwt) platform supply vessel (PSV) to help increase oil production in the country. The WM Natuna, which has just been completed in in China, is the third PSV of total 64 vessels the ship provider operates in the country’s offshore marine industry.

Oil and gas drilling activities in Indonesia have continued to grow in accordance with the government’s efforts to push up national oil production. This has begun rapid growth in the offshore marine service industry.

The WM Natuna with 76 meters in length and 17 meters in width is equipped with a dynamic positioning (DP), a system that can determine the position of vessels through a satellite control without having to use an anchor.

Previously, WINS has hired out platform supply vessel WM Makassar operated by Conoco Philips in Natuna, Riau Islands. Meanwhile, platform supply vessel WM Sulawesi is being operated in Makassar Strait.

The WM Natuna, currently docked at ASL Shipyard Batam, will operate in the Bintuni Sea in Papua.

WINS’s head of corporate planning department, Pek Swan Layanto, said on Wednesday that the offshore marine service industry in Indonesia was projected to increase significantly due to the growth of oil and gas exploration activities in the country. Such increase came along with the government’s wish to push up national oil and gas production.

Pek Swan said that for WINS, such situation was quite interesting because it would push up business activities in the offshore marine service sector.

“This year we will buy eight more vessels with capital expenditure of US$60 million. But it could be more than that due to quite a positive trend of our businesses in the first quarter of this year,” he said.

The WM Natuna is the second vessel the offshore marine support company received in 2013 after a 330-foot ballastable offshore barge. As of January, WINS has contracts worth a total $193 million.

The WM Natuna was constructed in a Chinese dockyard owned by PT WM Offshore, a subsidiary company of WINS. The company is a joint venture between WINS and PT Meratus Line.

Thirty percent of WM Natuna operational budget will come from the stakeholders with 70 percent from international financial institutions.

PT Meratus Line’s asset director, Frank Menaro, said that currently, the WM Natuna was the most sophisticated platform supply vessel in Indonesia. The $20 million vessel had the potential to take a lead in the country’s offshore marine service foreign-based vessels have long dominated. (ebf)