Recovering Oil Prices Increase Demand for Reliable Oversea Transportation:
Trans Ocean Transportation Company Uses Past Success to Meet New Demand
NORWALK, CT–Global crude oil prices are predicted to recover and the demand for oil and oil-based products increase in 2018. RTM Lines’ team of seasoned ocean transportation professionals believe proven experience in transporting oilfield equipment is critically important to their clients in the oil and gas industry who are working to meet this demand.
“As the price of U.S. oil is projected to average $57 a barrel next year and global oil consumption continues to climb, we anticipate the need for logistical support to increase in proportion,” said Richard Tiebel, the Chief Ocean Transportation Officer for the logistics company. “Having an in-depth understanding of the oil and gas industry is essential to successfully meeting shipping and logistical challenges.”
In its monthly forecast, The Energy Information Administration said it expects Canada, Brazil, Norway, the United Kingdom and Kazakhstan crude production to rise by an average of 700,000 barrels a day in 2018. While OPEC may boost output by 200,000 barrels a day.
“Successfully transporting what is essentially an entire oilfield location is complex and can require weeks of detailed planning,” Tiebel said. “We’ve worked on many of these projects, including an especially challenging one in August that included transporting equipment from one large oil field to two separate Saudi Arabian ports.”
When shipments require offloading at multiple ports, the loading and stowage process must be mapped out precisely. It is imperative that loading is accomplished in a specifically ordered sequence, to ensure the cargo is unloaded efficiently. Any deviation in the loading strategy could make unloading necessary equipment at the first port impossible, potentially causing delays. This type of impediment can equate into catastrophic economic losses for both the operator and drilling companies.
“Before production can begin in oil and gas, the equipment has to be present and accounted for. Our success with large oil and gas companies is a prime example of what we do best,” Tiebel said. “We comb through every piece of documentation provided, analyzing, reviewing, confirming that all dimensions are verified to ensure every detail is in order.”
Due to insurmountable shortcomings over the last few years, many service contractors in the oil and gas industry have suffered irreparable damage, resulting in the losses for the experienced companies. While the public spotlight is on the rising cost of oil and the welcomed increase in job opportunities, major operators are focusing on how to navigate the logistics, safely and efficiently.
RTM Lines has maintained a perfect safety record and has over 30 years of experience handling complex shipments and finding solutions to complicated logistical challenges.
For more information about RTM Lines, visit https://rtmlines.com