ENS reported that the surge in crude oil prices has prompted the Shipping Corporation of India to enter the offshore segment in a big way. It has earmarked over INR 1,200 crore for its offshore activities, which will be undertaken by the end of the year. According to the official, after a comprehensive study this year SCI proposes to launch 2 to 3 new projects in offshore service areas, including buying 6 to 8 anchor handling tug cum supply vessels of various sizes. These vessels now command a charter rate of about USD 11,900 each. They are used to install and maintain oil platforms.
The official said that "SCI has chalked out a major future plan for the offshore segment where it will invest from time to time. Moreover, SCI’s recent move from being a Miniratna to a Navratna company will give it the required fuel to speed up its ambitious ship acquisition program lined up for the next 4 years."
The official also said that about 56% of the total exploratory sedimentary basins in the country lie in the offshore sector and only 19% of the total area has been explored, thus giving a huge potential for further exploration.
At present, SCI owns and operates 10 offshore vessels. SCI now looks after operations and management of some of the Oil and Natural Gas Corporation’s offshore support vessels and specialized vessels.
The official said that "SCI has chalked out a major future plan for the offshore segment where it will invest from time to time. Moreover, SCI’s recent move from being a Miniratna to a Navratna company will give it the required fuel to speed up its ambitious ship acquisition program lined up for the next 4 years."
The official also said that about 56% of the total exploratory sedimentary basins in the country lie in the offshore sector and only 19% of the total area has been explored, thus giving a huge potential for further exploration.
At present, SCI owns and operates 10 offshore vessels. SCI now looks after operations and management of some of the Oil and Natural Gas Corporation’s offshore support vessels and specialized vessels.