Page 3: of Offshore Engineer Magazine (May/Jun 2025)

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OSVs 8 The Southeast Asia Offshore Market: Today’s Reality, T omorrow’s Outlook By Michelle Yeo, Fearnley Offshore Supply 8 Rigs © corlaffra / Adobe Stock 11 Deepwater Displacement: Sixth Generation Semi-Sub Rig Values Under Pressure By Sofa Forestieri, Esgian Exploration 14 Che vron’s 20K Anchor Off to Str ong Start with Top Tier W ell Performance By Milan Patel, Welligence NOIA 17 Restoring U.S. Offshore 14 Ener gy Dominance: The

Chevron © Momentum Is Real By Erik Milito, NOIA Classifcation 19 The K eys to Managing Offshore Ener gy Risk & Uncertainty By Torgeir Sterri, DNV Maritime Heavy Lifters 44 R eviving a Heavy-Lift Giant: Xenos Marine’s TX-10000 is Ready for Duty By Greg Trauthwein 28 © Daniel Franklin Krause 44

DEPARTMENTS 4 Editor’s Letter 6 Authors in this Edition

Study: 48 Case Offshore Retrofit at Scale 50 Pr oducts: Safety Systems © Xenos Marine may/june 2025 OFFSHORE ENGINEER 3