operator profile
GO Offshore sees bright future in Australian market
Having commenced operations in 2007, GO Offshore, a fully-owned subsidiary of GO Marine Group, says the OSV market in Australia is growing quickly from a small base
by Dave MacIntyre G
O Offshore specialises in providing vessels, management, marine consultancy,
offshore crewing,
rig moving and associated services to the Australasian offshore oil and gas industry. For oil companies and offshore construction contractors, it offers a full spectrum of marine consultancy, and for vessel and rig operators it offers full and ad hoc labour supply. When GO Offshore was established in November 2007, the motivation was to build an Australian shipping company that could meet the demands of the local oil and gas industry with a longer-term outlook to compete on the international market. Now, the Perth- headquartered company has expanded to a total of 56 staff, with over 500 offshore personnel to maintain its growing fleet of operated and manned vessels.
GO Offshore has regional offices in Exmouth,
Dampier, Port Hedland and Singapore to serve those immediate markets and the vessels calling into these ports. The company is led by a professional team including offshore master mariners and chief engineers, with CEO Garrick Stanley at the helm.
Further strength was added to the group when Otto Marine bought into it in January 2011, to support its growth and expand the offshore fleet. GO Offshore has worked with Otto Marine for more than three years so the relationship is a solid one. The company handles all facets of marine support in Australia, from security, crew transfer and pilot vessels to tugs and barges, anchor- handling tug/supply (AHTS) vessels ranging from 5,000 bhp to 25,000 bhp, and platform supply vessels (PSVs) of up to 5,000 dwt. Currently, its vessels are working on the Gorgon project for Chevron, the Montara project for PTTEP, Origin in the Bass Strait, and Apache offshore Dampier. Its fleet has worked from Tanzania to Tahiti and as far
www.osjonline.com north as Sakhalin.
Since it was formed, the company has slowly developed its fleet more towards deepwater drilling activities, and it has plans to further expand the fleet, with more anchor handlers and large PSVs.
The company’s vessel Deep Sea 1 is the largest AHTS in Australia at present. The VS491CD design was handed over to GO Management in August 2011 and has since completed various charters for the likes of PTSC Vietnam and Woodside, prior to assisting with the tow and float-over of the North Rankin B topside earlier this year. The vessel
is now working on a
term charter with Chevron supporting the Atwood Eagle.
In December, Otto Marine announced that it had chartered two units of 40m, the anchor-handling tugs (AHTs) Swordfish 4 and Swordfish 5, both of which will be operated by GO Offshore. Swordfish 5 is
to be employed
initially on international towage work before being mobilised to Australia to support various civil and offshore construction works. Swordfish 4 was expected to be deployed to New Zealand to support towage operations after completing an initial contract delivering a barge to Bass Strait. The vessels have now been renamed the GO Enif and GO Elnath. Speaking at
the time that the vessels
were chartered, Michael See, Otto Marine’s chief financial officer, said: “GO Marine
fits perfectly in our strategy of growing our chartering business and also providing us a strong platform to capture the oil and gas market in the Australian region, and these two vessels to GO Marine is another step forward for both partners.”
On the prospects of operating these two vessels, GO Offshore’s CEO Garrick Stanley said they would continue the company strategy of building a versatile fleet of quality vessels to support Australian operations. The two AHTs will support coastal towage and inshore construction projects. The ships are on a three-year contract with options to purchase on completion of the agreement.
Looking to the future, GO Offshore sees many opportunities for expansion in the Australasian market. “The market in Australia, while small, is expanding,” said Mr Stanley. “With major projects like Wheatstone for Chevron, Ichthys for Inpex, and Prelude for Shell, the outlook is very bright. We see a strong demand in the future for the tonnage we are bringing to the market. This, along with deepwater projects commencing in Southeast Asia, has the company very optimistic about the future.
“In the offshore industry more than anything else it is about delivery,” Mr Stanley concluded. “GO Offshore will continue to ensure it delivers to its clients on every project, and expands its fleet to become a supplier of choice to the clients it works with.” OSJ
GO Canopus, one of the company’s vessels, was involved in the Rena salvage project Offshore Support Journal I June 2012 I 85
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