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FEMCO History

In the seventies within the USSR , limited reserves established the necessity to begin exploration and development of shelf and adjacent seas oil and gas fields.. At this time, oil and gas enterprises involved in onshore exploration and production of hydrocarbons were assigned the task of exploration activity on the shelf of the White Sea, Caspian Sea and Sea of Okhotsk.

Far Eastern Marine Exploration Company was established in 1976 as such an exploration company for the Sakhalin shelf. Far Eastern Marine Exploration Company utilized drilling units for exploratory offshore drilling (semi-submersible and jack-up drilling rig), and also provided the means of a wide range of supply opportunities. , Among them were anchor handling tug supply vessels for the delivery of provisions, ocean towing, anchor handling and salvage, dry-cargo ship, passenger vessels and a semi-submersible heavy lift vessel for transportation of bulky sea installations. During the first 25 years of activity, Far Eastern Marine Exploration Company carried out fundamental exploratory drilling along the shelf of the Sea of Okhotsk, evaluating deposits such as: Piltun-Astokhskoe, Lunskoe, Odoptu, Chaivo fields and others. Additionally, on the Vietnamese shelf at the White Tiger field first oil was found by the drilling unit " Anatoliy Mirchink".


After transferring the economy of USSR to the wider market economy, and subsequent privatization of Far Eastern Marine Exploration Company, the system of managing the fleet of offshore rigs and vessels required fundamental changes for the purpose of successful competition within Russian and worldwide markets. For this reason, JSC "Far East Marine Company" was established and assumed responsibility of managing the Far Eastern Marine Exploration Company fleet. JSC "Far East Marine Company" invited onboard a team of managers with abundant experience in the field of fleet management on the worldwide market. Within seven years, JSC "Far East Marine Company" was operating using recognized international technologies of fleet management, which satisfy current requirements and standards in navigation safety, quality, environmental protection, and protection of labour. In 2004 in view of the necessity to serve additional markets as defined by JSC "NK "Rosneft" to continue diversification and development of marine transportation infrastructure related to hydrocarbon deposits in north-western Russia , JSC "Far East Marine Company" was renamed JSC "Rosnefteflot".


For related activities on Sakhalin in 2004 Femco-Management Limited was established. All Sakhalin based personnel and management were reassigned to this entity, which vows to continue the productive practices of our predecessors and based on our well known name and reputation within the Far East market, resumed activity of management of our anchor handling tug fleet on the Sakhalin shelf. The main purpose of establishing this company is to carry out marine vessel management activity for the oil and gas industry on an independent basis as a free participant of the market


The company is advancing into the future with attention to the best traditions of our predecessors and continues the insightful achievement necessary to manage sea vessels for the oil and gas industry. The company is staffed by professional, highly qualified and integrated employees and managers.


In 2004 the company was certified with a Safety Certificate. The company plans include expansion of activities, also advancing the latest world standards in the field of safety, quality and environmental protection.