Marine Equipment Rental Makes Sense for Temporay Needs or Short Term Activity
One of the most essential costs every offshore operation incurs is in the area of water management. Access to fresh water and sewage treatment are necessary during these operations but can prove costly when purchasing and maintaining equipment. Additionally, biofouling control and oily water separation are required but also add to operational costs. Rental of these items can be an effective means to find cost savings during offshore operations.
The Gulf of Mexico (GOM) has thousands of oil and natural gas wells. With only a small share of those wells still producing—current estimates place the number at less than 10%— a massive number of wells are nearing, or have already reached, the end of their lifespans.
Plug and abandonment operations are a critical final step in the lifecycle of the well. These operations are conducted to prevent potential oil spills or leaks that could impact the marine environment where the well is located.
Industry estimates have placed the number of permanently abandoned wells in the GOM between 29,000 and 30,000. The costs associated with plug-and-abandonment (P&A) activity have surged to approximately $10 million per deepwater well and $500,000 per shallow-water well. Moreover, expenses related to P&A activities for end-of-life wells generally increase, depending on the type of well and whether associated structures, like the drilling platform, also require decommissioning.
Additionally, companies developing and constructing offshore renewable energy systems in the GOM, including marine wind farms, are looking for cost-effective alternatives to significant capital investment using offshore rental equipment like cranes, lift boats, jack-up rigs, installation vessels, and associated equipment.
To address the rising costs of offshore construction and decommissioning operations, project managers have begun to turn to equipment rental to control costs while utilizing the latest technology available without investing in significant capital expenditures.
There are many benefits to renting equipment; in addition to saving time and money, many rental service companies can provide access to company expertise and customer support. H2O is proud to offer rental equipment to assist customers in meeting short-term demands and unexpected situations.
Renting equipment may complement your business in a variety of ways. For example, consider renting for a temporary need or a short-term activity. Most of our rental customers do so for jobs that last less than a year. Renting can convert fixed costs into variable costs, produce favorable debt-to-equity ratios, and increase borrowing capacity.
When your equipment can no longer meet freshwater demand or sewage regulatory requirements, don't sacrifice. Rental in these areas can supplement your needs and offer various solutions above and beyond the typical purchase. Finally, renting allows users to evaluate the equipment's overall utility for the business while providing "like new" equipment maintained and serviced by factory-trained field engineers.
One of the most essential costs every offshore operation incurs is in the area of water management. Access to fresh water and sewage treatment are necessary during these operations but can prove costly when purchasing and maintaining equipment. Additionally, biofouling control and oily water separation are required but also add to operational costs. Rental of these items can be an effective means to find cost savings during offshore operations. Whether you want to rent or purchase, H2O has you covered in each of these areas with various solutions using state-of-the-art technology maintained and serviced by our trained experts.
Fresh Water - A Legacy of Clean
For more than 40 years, our Bluecube watermakers have set the standard for seawater desalination in the oil and gas industry, producing potable water that complies with all regulations and guidelines set by the US Environmental Protection Agency and the World Health Organization.
Our systems are rugged, reliable, cost-effective, and easy to use. And they come with the best warranty in the business — a full year of coverage for parts and labor.
Our Watermaker division offers reverse osmosis seawater desalination systems, storage tanks, carbon and sediment filters, water heaters, bunkering filters, ultraviolet disinfection, deionization tanks for ultrapure water, wash-down systems, pressure sets, and water safety equipment.
Sewage Treatment - Cost-Effective Simple Solutions for Marine Sewage Treatment
With over 4,000 units manufactured and installed worldwide, H2O's marine sanitation devices (MSD) are known for their high quality and dependability. Our systems are so rugged you can almost forget about them. They require little maintenance and can be easily installed in any area. And because their performance meets or exceeds industry standards, you can be confident our units will help you meet regulatory requirements.
Biofouling Control - The Safe Solution to Control Marine Biofouling
The accumulation of marine organisms or biofouling can be costly, as it causes corrosion, diminishes heat transfer, and increases pipe losses through flow restrictions. Our electrochlorination systems allow for on-site sodium hypochlorite generation - providing a safe and cost-efficient method for biofouling control. We offer both concentric tube and parallel plate electrolyzer technologies.
Oily Water Separation - The Easy-to-use, Affordable, and Effective OWS System
BOSS Oily Water Separators are the world's No. 1 bilge water treatment systems you can depend upon for years of low-maintenance use. Our systems are certified by the US Coast Guard, IMO, ABS, and other globally recognized certification bodies.
Each BOSS Separator works by utilizing a three-step process to effectively treat oily bilge water before safely discharging the water overboard:
- Free oil rises in our coalescing chamber, where it is collected and removed from the water. The system automatically detects the amount of oil collected and discharges the oil to a waste oil collection tank.
- The water runs through a cartridge filter to remove the unwanted sediments.
- The separator polishes the water to ensure it meets discharge regulations.
Equipment rental makes sense for a variety of reasons. Whether it's for a short-term project on a limited budget or you want to try it before you buy it, H2O has the right solution for your operation.Contact our friendly team today to learn more about offshore and marine equipment rental.