Mount Burgess Mining N.L. (MTB)

Overview

PAO Sovcomflot, previously known as OAO Sovcomflot until its renaming in December 2014, is a prominent shipping entity based in Moscow, Russia, specializing in maritime transportation services for hydrocarbons. Established in 1988, the company plays a crucial role in Russia's energy sector by providing a wide range of shipping and logistical services. As of February 04, 2022, Sovcomflot operates a robust fleet comprising 133 vessels, collectively boasting a deadweight of approximately 11.6 million tons. Its operations are diversified across various segments including Offshore Services, Gas Transportation, Crude Oil Transportation, Oil Products Transportation, among other areas of specialization. The company also engages in international trade, involving the export and import of various goods, feedstocks, materials, equipment, and spare parts, supporting the global energy supply chain.

Products and Services

• Crude Oil Transportation: PAO Sovcomflot specializes in the maritime transportation of crude oil. Leveraging its extensive fleet, the company ensures safe and efficient delivery of crude oil across major routes.
• Petroleum Products Transportation: Beyond crude oil, the company facilitates the shipping of refined petroleum products. This service is critical for the distribution of fuel and other petroleum-derived products globally.
• Gas Transportation: The firm plays a key role in the global energy market by transporting liquefied natural gas (LNG) and liquefied petroleum gas (LPG), catering to the growing demand for clean energy sources.
• Offshore Services: Sovcomflot offers specialized offshore services, including the supply and servicing of offshore platforms. These are vital for the exploration and production activities in the oil and gas sector.
• Shuttle Transportation: The company provides shuttle transportation services, enhancing the logistical efficiency of transporting hydrocarbons from remote locations to market.
• Terminal Management: Managing terminals is another critical aspect of Sovcomflot's offerings, supporting the storage and transshipment of hydrocarbons and ensuring smooth operations.
• Offshore Seismic Exploration: PAO Sovcomflot is involved in offshore seismic exploration activities, contributing to the discovery and assessment of new oil and gas fields, which is fundamental for future energy supply.
• Transport Organization for Cargo and Passengers: Beyond hydrocarbon transportation, the company also organizes the transport of cargo and passengers, highlighting its versatility and capability to cater to diverse maritime transportation needs.