Barter Equipment

About OFEG Equipment

As the OFEG ship barter concept has matured and expanded, the opportunity for barter of major equipment between partners has increased. OFEG plans to target specific categories of major equipment to be included in the barter process. It is intended to progressively build on the bartering of major equipment ensuring there is a firm understanding of the logistic, technical and operational requirements necessary to effectively share equipment between OFEG ships. Initially OFEG will develop equipment barters in the area of ‘Deep Platforms’ and ‘seismic equipment’.

Barter exchange protocols for OFEG marine facilities

• The programming of major marine equipment will remain the sole responsibility of the owner.
• Major marine equipment identified with ** in the table below will be provided with technician support at no additional barter cost to the borrower.
• All other marine equipment may be provided by the owner with technician support and this will, at the discretion of the owner, be at an additional barter cost to the borrower.
• Once a barter exchange of major marine equipment is agreed the owner will make best efforts to ensure that the equipment is supplied to the borrower on time and in full working order.
• All equipment (for which no technician support is provided by the owner) must be returned by the borrower in a state that is to the satisfaction of the owner.

Barter exchange valuations for OFEG Marine Facilities

* Includes technician support

** Planned to be included