Bernhard Schulte Enters Saudi Offshore Market Through Rawabi Vallianz JV

Tuesday, November 16, 2021

Bernhard Schulte Shipmanagement (BSM) and Rawabi Vallianz Offshore Services (RVOS) on Tuesday announced a joint venture to offer third-party ship management services to the offshore sector in Saudi Arabia.

The deal was announced during the  ADIPEC Exhibition in Abu Dhabi.

"The Kingdom of Saudi Arabia has some of the world’s largest oil reserves and a mature extraction industry supported by an established offshore service chain. With a fleet of more than 40 offshore vessels, Rawabi Vallianz Offshore Services is one of the leading suppliers of offshore vessels within this market. Through the partnership BSM can access the market to provide crew, technical and additional ship management services as an “in Kingdom supplier," BSM said. 

BSM specializes in providing ship management services for offshore vessels including floating platform storage and offshore (FPSO) vessels, anchor handling vessels, supply vessels and flotels for the oil and gas industry and Service Operation Vessels (SOV) for the renewable energy industry. 

As for the Saudi partnership, BSM said it would benefit from will benefit from RVOS’s extensive knowledge of the Saudi Arabian offshore landscape and its regional client base. In turn, BSM said RVOS would gain access to global markets through BSM’s international presence, and to its pool of experienced offshore crew and training and talent recruitment processes. 

Moreover, BSM said, Rawabi benefits from the customized IT systems used by BSM for efficient ship management and developed by MariApps, a wholly-owned subsidiary of BSM.

Nick Topham, Managing Director of BSM Germany, said: “We are delighted to form a joint venture with Rawabi as together we explore opportunities in Saudi Arabia. The two companies have many commonalities, both being family-owned businesses with an eye on continuous growth and technological development. We look forward to a successful partnership with Rawabi as we share our knowledge and experience.”

Ahmed AlQadeeb, Vice President, Oil and Gas, with Rawabi Vallianz Offshore Services said: “Rawabi looks forward to a fruitful partnership with Bernhard Schulte Shipmanagement, as we combine our expertise and expand our client bases in Saudi Arabia. BSM’s third-party shipmanagement and crewing experience and our local knowledge and understanding of the offshore oil industry complement each other and leverage new opportunities for both parties.”


 



Categories: Offshore Energy Vessels Middle East Industry News Activity Events

Related Stories

EnQuest Picks Up Offshore Oil and Gas Block in Brunei

CNOOC Finds Oil and Gas in South China Sea

Seatrium Makes First Turnkey FPSO Delivery to Petrobras

Santos and QatarEnergy Agree Mid-Term LNG Supply

Four Jack-Up Drilling Rig Deals Set to Bring In $129M for Borr Drilling

Yinson Production, “K” LINE Target Europe's CCS with FSIU and LCO2 Solutions

ABL Lands Work on BP’s Indonesian Gas and CCUS Project

China's ENN, Zhenhua Oil Ink LNG Supply Deals with ADNOC

Sapura Energy Nets $22.6M in Offshore Support Vessel Contracts

MODEC Gets Shell’s Gato do Mato FPSO Ops and Maintenance Job

Current News

Pandion Energy Divests Interests in Three Norwegian Assets to Inpex

China Starts Production at Major Oil Field in Bohai Sea

Dutch Contractor Completes Malaysia’s Largest 'Rig-to-Reef' Decom Project

China Rolls Out 17MW Floating Wind Turbine Prototype

SBM Offshore’s Jaguar FPSO Enters Drydock in Singapore (Video)

EnQuest Picks Up Offshore Oil and Gas Block in Brunei

CNOOC Finds Oil and Gas in South China Sea

Seatrium Makes First Turnkey FPSO Delivery to Petrobras

KBR-SOCAR Joint Venture Secures Work for BP in Azerbaijan

Baker Hughes, Petronas Team Up for Asia-Pacific Energy Resilience

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com