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Offshore Business
Entering Offshore Business
In October 2008, we established the Offshore Business Group and made an entry into offshore business.
The majority of oil and natural gas is produced from land or shallow-water fields, but we can no longer expect new discoveries in those areas. Instead, deepwater fields are expected to expand as a new source of crude oil and natural gas.
NYK Group companies have been involved in the operation of the oceanographic research vessel Mirai and the deep-sea drilling vessel Chikyu, which are owned by the Japan Agency for Marine-Earth Science and Technology (JAMSTEC). This experience gave us the opportunity to become accustomed to drillship operation and the expertise necessary in the operation. One of the special skills is capability to keep the vessel in a fixed position for months and more in an unstable environment of winds, waves, and sea currents. This expertise is also important in commercial drillship operations. For other know-how, the NYK Group has long and vast experience in ship management and expertise in the handling of such dangerous cargo as crude oil, LNG, and LPG.
NYK believes the offshore-related business will strengthen our relationships with existing customers in both upstream and downstream areas thanks to the synergy effect with other divisions’ businesses. Given the outlook that offshore oil and gas development is expected to accelerate further in the years ahead, the NYK Group will work to expand and develop the business.
In June 2009, we decided to participate in a drillship charter project for the exploration of offshore oil and gas fields, and we invested in Etesco Drilling Services LLC (EDS), which was established by Etesco Construções e Comércio Ltda. of Brazil. The drillship will be chartered by Petrobras from 2012 for ultra-deepwater drilling in the pre-salt region of Brazil.
We are also looking into the business area of floating production, storage, and offloading units (FPSO) and floating storage and regasification units (FSRU).