Description

A dynamic positioning vessel is one controlled via an integration of a variety of individual systems and functions i.e. A computer control system automatically maintains a vessel’s position and heading by using her own propellers and thrusters.

Position reference sensors, combined with wind sensors, motion sensors and gyro compasses, provide information to the computer pertaining to the vessel’s position and the magnitude and direction of environmental forces affecting its position.

Examples of vessel types that employ DP include DP shuttle tankers, Accommodation and Offshore support and subsea construction vessels.

Day rates for positioning vessels in Nigeria depends on the class (Class 1 & 2) , the difference between  the former and the later is “Redundancy”  in class 1 loss of  position may occur in a single fault while in Class 2 Loss of position should not occur from a single fault of an active component or system such as generators, thruster, switchboards, remote controlled valves etc. But may occur after failure of a static component such as cables, pipes, manual valves etc.

The average day rate of a DP vessel is $25,000; it said that the demand for these vessels will continue growing over the next three years, driven by deep water projects in the gulf of guinea.

This report presents a clear picture of the marine support service to the oil and gas industry (upstream).It x-rays the strength, weakness, opportunities and threats to the support vessel industry as it affects Oil and gas exploration and production as well as importation of petroleum products.

It also covers Demand and supply of positioning vessels in Nigeria, Licensing and Regulatory issues, cost of acquisition.

Financing options of a DP CLASS vessel, it exposes emerging financing option both locally and internationally.