SVS Offshore draws on 10 years’ worth of marine pedigree and experience in the offshore sector, working in support of the offshore Oil and Gas exploration, production and service support sectors.News Archive The Senior Team
Technical Vessel Management
Vessel Technical/Engineering Solutions & Support
SVS Offshore works to create a sustainable safety culture that meets internationally recognised standards across the fleet, industry and region of operations.
The first half of 2020 has witnessed tough trading conditions in the offshore sector around the world; initially due to the low oil price and thereafter due to the COVID-19 pandemic. Operating costs have increased significantly due to the problems created around supply chain, operations and the decrease ...
Trading conditions in the offshore industry remain volatile and subject to changes in external factors such as the oil price.
However, the Admiral Group is maintaining its revenue profile and continues to meet its targets allowing the company to continue to invest in its core business and to implement its ongoing investment plans in West Africa.
Our efficient and streamlined management and control structures allow for quick and flexible decision making and we remain pro-active and able to respond to market demand.
With significant investment in the region planned for 2020 including a service hub in Port Harcourt for Damen FSIVs, these are exciting times for the business.
We continue to invest in best in class services and have recently imported a purpose build Damen workshop container along with containerised spares into Nigeria to support this next exciting evolution in our growth.
Since it’s inception in July 2018 Admiral Offshore has traded with the experience and outstanding legacy from it’s antecedent company, Specialised Vessel Services Ltd.
From January 2020 all companies in the operating group will be known as ‘Admiral’ to better reflect the separate and integrated nature of the Admiral Group of companies from SVS.
Therefore SVS Offshore Ltd has changed its name to Admiral Offshore Ltd. It remains ‘business as usual’ but the name change better aligns all companies in the operating group.
Admiral Operations continues to beat its financial targets with a solid track record of sustainable operating and bottom line profits and fleet utilisation levels at over 95%.
The business remains completely ungeared which suits current economic conditions and market volatility.
It continues to reinvest in developing a reliable customer supply chain in order to maximise sustainable revenue streams and minimise business risk.
The executive team continue to focus on their strategy of maintaining a lean and efficient operational business model while maintaining a stable platform to support further growth as market opportunities arise.
Admiral Offshore is a company which was formed to meet the unique requirements and challenges of the offshore oil and gas sector in Sub-Saharan Africa.
Richard is one of our longest-serving crew members. Schooled in Kenya before graduating from the Dar es Salaam Maritime Institute, Tanzania, he joined the SVS group in 2011 and has enjoyed steady advancement and progression to Chief Engineer through our career transition training scheme. He has gained valuable experience across a wide range of vessel types and classes, successfully completing ...
As expected, we are proud to report that Admiral Offshore has now secured significant charter contracts for all of our vessels and has achieved our target of 100% fleet utilisation within the first Quarter of 2019. Our fleet of Damen 3307 Fast Crew Supply craft are all working on major offshore Exploration and Production (E&P) projects for the Oil and Gas industry, fulfilling a variety of roles and leading the way with regards to reliability and safety.
2019 has seen a most encouraging start for Admiral Offshore, with two of our largest clients confirming and extending charter options for a total of 6 years. (2 x vessels for 18 months and a third vessel for 3 years firm). These contracts, along with our other current projects, mean that we start the year ...
After several years of falling activity and expenditure by the oil and gas Industry, with corresponding pressures and difficulties for the Offshore Support and Marine sectors, key research and analysis now predicts a period of optimism and growth for the industry. In an extract of a survey published online by Offshore Energy Today, 70 percent of senior industry professionals interviewed expected to increase or maintain capital expenditure in 2019.
December 2018 will see our fleet of Damen 3307 Axebow vessels pass another significant milestone. As the year comes to a close, our 5 x vessels and their crews will have amassed a total of just over 7,000 days of successful operational charters in West Africa.
It is now three months since the establishment of Admiral Offshore as an independent company, following the restructuring of the wider SVS Group of Companies at the end of June. That reorganisation saw Admiral Offshore assume responsibility for the technical management and operation of our 5 x Damen 3307 FCS vessels based in West Africa.
Early September saw another period of high activity and a swift turnaround for SVS Guardsman. Following an extremely successful project off Ghana, the vessel underwent a short period of maintenance and reconfiguration in Lome, Togo, before sailing to join her next charter in support of a major seismic acquisition project off Namibia.
This summer has already been a busy time for Admiral Offshore, as the management team have worked hard to complete the restructuring of the business and the establishment of the new operational organization.
One important part of that process has been the selection and and implementation of an Enterprise Resource Package (ERP) to give us fully integrated sight and control over our purchasing, inventory management, finance and budget functions.
We are delighted to announce that after much hard work by ourselves and our partners Synergy, based in South Africa, we have now completed the installation and trial period.
All departments went live with the newly installed Sage X3 system on 1st July.
In July 2018, on short notice due to the non-compliance of a competitor’s vessel, the SVS Guardsman was mobilised to Tema, Ghana from Lome, Togo having changed out several crew members from the recent project in the Ivory Coast in order to comply with Ghanaian cabotage requirement for indigenous manning.
Following on from the completion of successful chase duties in support of one of the world's largest and most technologically advanced seismic data acquisition vessels in Ghana the SVS Guardsman was specifically requested by Charterers to follow their Seismic Survey Vessel to the Ivory Coast in support of a seismic survey for an international oil major.
Since its formation in 2010, Specialised Vessel Services Ltd has developed a reputation for service excellence in the provision of vessel ownership, operation and management in support of the offshore oil and gas exploration, production and service support sectors.
Initial growth in East Africa quickly led to expansion further ...
We have a variety of charter and operating arrangements in place and have the flexibility to deliver a range of solutions in order to meet client needs. We provide support to a variety of market sectors.
Disclaimer of Liability: The materials contained on this Website have been prepared for information purposes only. Whilst every care has been taken to ensure the accuracy of the materials, we accept no responsibility for loss or damage which may arise from reliance on information contained on this Website.
© Copyright 2020 Admiral Offshore Ltd. All Rights Reserved.