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Floatel seeing continued strong demand for accomodation vessels

Floatel seeing continued strong demand for accomodation vessels
Floatel International says it is continuing to see strong demand for its vessels despite the challenging offshore market, and is set to take of fifth high-specification accommodation semisubmersible newbuilding from Keppel FELS.

"Despite the current challenging environment, all our vessels continue to receive strong demand and have high utilisation rates. In the current oil price environment, sustaining production levels is key for oil companies, and accommodation units are required as they reduce downtime during periods of essential maintenance,” Peter Jacobsson, ceo of Floatel said at a naming ceremony for the Floatel Triumph at Keppel FELS.

“Douglas Westwood forecasts that growth in the offshore accommodation market for units supporting operational activities will be sustained at 3% CAGR from 2015 to 2020."

Built to Keppel’s SSAUTM 5000NG design the Floatel Truimph will be chartered to INPEX Operations Australia for work in Ichthys Field, off Western Australia.

"Each of the accommodation vessels that Keppel has delivered to Floatel has been performing very well. They are uniquely designed to provide superior stability, safety and living conditions, meeting the stringent rules and regulations for worldwide operations,” Jacobsson added.