Atlantica Delta – Asset Management, Operations Management & Advisory, 2022

Phronteseas assumes operational oversight of an asset owned by a consortium of investors, entrusted with the tasks of managing its operations and marketing efforts on behalf of the current owners. Utilizing the PHS management system onboard, which has undergone rigorous auditing by DNV resulting in the issuance of a Document of Compliance (DOC) on behalf of the Panama Flag, Phronteseas ensures compliance and operational excellence.

In support of these efforts, Phronteseas has assembled a dedicated 12-man rig crew working on a rotational basis, complemented by a team of subject matter experts (SMEs) onshore providing round-the-clock support. This comprehensive approach encompasses inventory verification, engagement with regulatory stakeholders, supply chain management, and the provision of operational and marketing-focused engineering support.

Notably, Phronteseas’ management tenure has been marked by a commendable safety record, with no injuries or accidents recorded. Moreover, the team has consistently met budgetary targets, expanded the customer network, successfully negotiated contract extensions for berthing, and facilitated the sale of the asset on behalf of the owners, demonstrating a commitment to achieving operational excellence and maximizing asset value.