La Luz is preparing for a new boom in the repair of offshore platforms

Image of the Reina Sofía dock, yesterday, full of oil platforms. / ARCADIO SUAREZ

The sector is reactivated worldwide due to the rise in the price of crude oil and demand. The rental per day of these ships goes from 200,000 euros in 2021 to 400,000 this year

The search for oil in the high seas has been revived again. The increase in world demand for crude oil and the war in Ukraine push up prices and make deepwater extraction profitable again. The world is advancing towards decarbonization but until it is achieved, in this transitory period, crude oil will continue to be the 'star' fuel.

The change of situation causes
many platforms that have been stopped for years, after the 2015 crisis, waiting for better times in different ports around the world, such as Las Palmas,
are receiving contracts to begin prospecting and the extraction of crude oil and gas, which is a fuel on the rise.

It is expected that in the coming months the seven platforms that have been hibernating for years will undergo reactivation work
at the Reina Sofía docksomething that
will attack the powerful naval sector of the Canary Islands, made up of Astican and Repnaval, supported by numerous workshops in the port. At the Reina Sofía there are two others that are already undergoing fine-tuning work. In addition to these works, the La Luz shipyards are preparing to attend to the arrival of oil platforms that are working in the area throughout the year and that require repairs and maintenance.

The Light is in the zone of influence of the 'golden triangle'

The know-how of the port companies, the international recognition that they have earned over the years and the proximity to the area where these platforms operate
anticipates a very active 2023 in the naval sector of La Luz.

Consulting firm Westwood Global Energy Group qualifies as
«golden triangle» the area that runs in the Atlantic between Mexico, Brazil and Africa, where the extraction of crude oil in deep waters with large drilling vessels is being concentrated and which is the
catchment area of ​​Las Palmas.

One piece of data that highlights the reactivation of 'offshore' is the rise in the price of contracts.
In 2019 a platform was rented for 200,000 euros a day, this year it has risen to 400,000 and it is expected that in 2025 it will exceed half a million euros. In addition, the shipowners, who are affected by the crisis of recent years, are asking the oil companies for 80% of the cost of reactivation in advance and it is being paid.

La Luz offers numerous advantages to attract shipowners

An addition that Las Palmas has and that allows this port to have an advantage in this revival of 'offshore' is that the
empresa Kongsberg (formerly Rolls Royce Marine and which operates in La Luz associated with Astican) has a warehouse of more than 60 'thrusters' (platform propellers) in the port area, which are necessary both for the 'offshore' ships that are going to reactivate as those operating in the area. "Either they are installed in Las Palmas or they will be sent to another part of the world with Canarian personnel involved for their placement," he indicates.
the president of Astican, Germán Suárez, who is very optimistic about the progress of the naval sector this year in La Luz.

The Las Palmas shipyards and workshops also expect a high volume of work for all types of ships, as has happened in 2022, which has been a “very positive” year. "We may be facing a good cycle," says Suárez.

Although the
freight price of the container has decreased this year compared to 2022 due to the stoppage of activity in China due to the celebration of the country's New Year, they are expected to remain high. The
lack of ships in the market and that, a priori, it does not seem that it will be solved, since shipowners are waiting to find out what is the most recommended fuel to build new ships,
stresses prices. In this context, shipowners opt for repair ports with higher costs but close to the area where they work to shorten the days of stranding and keep them inactive for the shortest possible time. "The important thing here is the opportunity cost and not having the ship stopped with high freight rates," he says.