SESV

AcronymDefinition
SESVSouth East Scotland Vegetarians (Penicuik, Scotland, UK)
SESVSeverely Errored Seconds - VT1 (Telabs)
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The SESV will undertake a broad range of services related to subsea equipment intervention - traditionally performed by deepwater drilling rigs.
Our clients are seeking to lower their overall costs and we are confident we have the right business model in place to meet their needs, helping them carry out their operations as efficiently as possible using our young and flexible fleet of sophisticated SESVs.
SESVs, also known as jackup barges is being built by GMS at its quayside facility in Abu Dhabi.
We are looking forward to introducing another two SESVs to the fleet next year.
GMS uses its quayside facility located in the UAE s capital city of Abu Dhabi to build its SESVs, also identified as jackup barges.
The first extension is for an SESV currently chartered to a MENA-based national oil company (NOC) on a three-year contract (two years firm and an option to extend by one year).
Being the first self-propelled SESV of this Mid-Size Class to be developed by GMS, it has also been modified to suit the customer's specific requirements as a specialised well intervention unit, apart from being a new design.
The present SESV has been chartered to an international oil company (IOC) from the third quarter of 2012.
Skandi Santos, the first vessel of this type operated by AKOFS, has performed SESV services successfully for Petrobras since starting operations in March 2010.
According to the company, Aker Wayfarer vessel will be equipped at a yard in Norway to turn into a deepwater subsea equipment support vessel or SESV.
Duncan Anderson, Chief Executive Officer of GMS, said the demand for SESVs across the MENA region is excellent and the market for their assets in Europe also remains strong with their entire fleet of ten SESVs currently chartered.