What Aurora Offshore AS does

Aurora Offshore AS is a Norwegian offshore vessel operator founded in 2021, headquartered in Kristiansand, Norway, with an additional operational office in Aberdeen, United Kingdom. The company maintains a workforce of approximately 186 employees and operates a fleet of roughly 11 high-end offshore vessels spanning anchor handling tug supply (AHTS), platform supply vessels (PSV), and offshore construction vessels (OCV). Aurora Offshore is co-owned by Borealis Maritime Group and Siem Offshore AS, two established maritime organizations whose combined operational heritage, vessel expertise, and capital base provide the foundation for the company's market entry.

The company serves global offshore energy operators through vessel chartering services, providing specialized marine assets required for offshore oil and gas field development, production support, and subsea construction activities. Aurora Offshore's revenue model is anchored in recurring charter contracts with energy companies, generating contracted cash flows tied to vessel day rates and contract durations. The fleet composition spans supply, towing, and construction vessel categories, allowing the company to address a broader share of the offshore project lifecycle than a single-class operator.

Aurora Offshore's go-to-market leverages the dual-sponsor structure of Borealis Maritime Group and Siem Offshore AS, which provides commercial reach, seafarer networks, and access to additional tonnage across the sponsors' broader portfolios. The Kristiansand headquarters anchors Nordic and broader European commercial activity, while the Aberdeen office enables direct engagement with UK Continental Shelf operators. Together, the company competes in the European offshore vessel market alongside established North Sea PSV/AHTS pools, differentiating through fleet modernity, sponsor backing, and segment breadth into OCV work.

Name

Aurora Offshore AS

Legal name

Aurora Offshore AS

Website

https://auroraoffshore.com

Company type

Private

Founded year

2021

Operating status

Operating

Headcount range

101–250 employees

Short description

Aurora Offshore AS is a Norwegian offshore vessel operator founded in 2021 that charters a fleet of approximately 11 AHTS, PSV, and OCV vessels to global offshore energy companies. The company is co-owned by Borealis Maritime Group and Siem Offshore AS and is headquartered in Kristiansand with an office in Aberdeen.

Ownership category

akta.pro rank

Product category

Offshore Vessel Chartering Services

NAICS

Support Activities for Water Transportation (4883), Marine Cargo Handling (48832)

SIC

Oil & Gas Field Services, Nec (1389), Water Transportation (4400)

akta.pro primary industry

Offshore Support & Marine Logistics Vessel Operators (PSV/AHTS) (TLADABAL)

akta.pro secondary industries

Offshore Marine & Aviation Support (PSVs, AHTS, Crew Boats, Helicopters) (EUALABAJ), Marine & Offshore Energy O&M (Offshore Wind, Platforms, Subsea Assets) (EUAEAGAO)

Keywords

• Offshore vessel chartering
• Anchor handling vessels
• Platform supply vessels
• Offshore energy services
• Vessel management services

Headquarters

HQ city

Kristiansand

HQ country

Norway

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Infrastructure, Supply Chain, Others

Revenue model

1. Vessel Chartering Services: Aurora Offshore generates revenue primarily through chartering high-end offshore vessels to energy market clients. Services include time charter, spot charter, and contract-based vessel employment arrangements. The company commercially and technically manages its vessel fleet and provides vessel employment through its global chartering network. Revenue is derived from vessel utilization across various contract types and durations.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

Aurora Offshore AS commercially and technically manages a fleet of high-end modern offshore vessels, including Anchor Handling Tug Supply (AHTS), Platform Supply Vessels (PSV), and Offshore Construction Vessels (OCV). The company provides vessel chartering services (time charter, spot charter, and term contracts) to offshore energy companies through a global chartering network, supporting anchor handling, platform supply, offshore construction, subsea operations, and ROV support across regions including the North Sea, Asia-Pacific, West Africa, the Americas, and Australia.

Product overview

Aurora Offshore AS operates as an offshore vessel provider offering a fleet of high-end modern vessels for the energy market. The company provides commercial and technical vessel management services through a global chartering network. The fleet consists of two vessel categories: Anchor Handling Tug Supply (AHTS) vessels including AURORA SANDEFJORD, SIEM OPAL, FRAM PRINCE, and AURORA CHALLENGER; and Platform Supply Vessels (PSV) including AURORA COOPER, AURORA EMERALD, SIEM TOPAZ, SPIRIT OF EMDEN, SIEM THIIMA, AURORA HORIZON, and AURORA GALAXY. The vessels are equipped with varying capabilities including DP2 positioning, FiFi firefighting systems, ICE-classification, dual fuel LNG propulsion, ROV capabilities, and WROV equipment. Services include vessel chartering, technical management, and commercial management.

Differentiator

Problem solved

Functional benefit

Products and services

• Offshore Vessel Chartering Services Global chartering network providing vessel employment for offshore energy markets, offering flexible and reliable vessel solutions through time charter, spot charter, and contract-based arrangements to energy clients worldwide.
• Offshore Vessel Technical Management Technical management services for offshore vessels ensuring compliance with safety, quality, and operational standards across the fleet.
• Offshore Vessel Commercial Management Commercial management services for offshore vessels including employment coordination through the global chartering network to offshore energy clients.
• Aurora Sandefjord (AHTS) Anchor Handling Tug Supply Vessel (AHTS) with diesel electric propulsion, 4,800 DWT capacity, 36,000 BHP, 390T bollard pull, and 750m2 deck area; equipped with IKM Merlin WR200 WROV for subsea operations. Available for charter to offshore energy clients.
• Siem Opal (AHTS) Anchor Handling Tug Supply Vessel (AHTS) built in 2021 with MOSS 919 AHTS design, 21,760 BHP, 247T bollard pull, 640m2 deck area, equipped with FiFi II and SPS 59 capabilities.
• Fram Prince (AHTS) Anchor Handling Tug Supply Vessel (AHTS) built in 2009 with Havyard 842 design, 16,080 BHP, 190T bollard pull, 530m2 deck area, equipped with FiFi 1 capability.
• Aurora Challenger (AHTS) Offshore vessel equipped with FiFi II capability, available for charter for all duties from Rotterdam, Netherlands.
• Siem Topaz (DP2 Vessel) DP2 offshore vessel built in 2021 featuring dual fuel (LNG)/battery propulsion, 980m2 deck space, 10,400 BHP, ICE-1C classified, available for standby duties from Singapore.
• Aurora Cooper (PSV) Platform Supply Vessel (PSV) built in 2013 with 730m2 deck space, 3,500 DWT capacity, 1,520T deck cargo capability, operating under Dana Petroleum for supply duties from Aberdeen.
• Aurora Emerald (DP2 PSV) DP II Platform Supply Vessel (PSV) built in 2005 with PSV UT 755 LN design, 5,378 BHP, 700m2 deck area, 1,600T deck strength, flagged Portugal; operating for AES/Azule Angola for supply and ROV duties from Luanda.
• Spirit of Emden (Offshore Vessel) Offshore vessel built in 2016 with VS 4411 DF design, operating for Erzoff/Enagas on supply duties from Aberdeen, UK.
• Siem Thiiima (Offshore Vessel) Offshore vessel with 830m2 deck space, 8,550 BHP, operating for Woodside on supply duties from Dampier, Australia.
• Aurora Horizon (Offshore Vessel) Offshore vessel operating for Pan Marine/Shell Egypt, available for duties in Alexandria, Egypt.
• Aurora Galaxy (Offshore Vessel) Offshore vessel available for charter operations.

Named customers6 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Scale indicators3 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• Vroon Offshore Services: Dutch-based offshore vessel operator with a substantial fleet of PSVs, AHTS, and subsea support vessels operating in the North Sea, Mediterranean, and West Africa. Vroon's high-end modern fleet and B2B chartering model closely mirrors Aurora's positioning in the same customer set.
• Solstad Offshore ASA: Norwegian offshore service vessel operator with a global fleet of AHTS, PSV, and CSV/subsea vessels. Aurora's CEO Steve Brackenridge and COO Bjørn-Inge Engene both previously worked at Solstad, and both companies serve overlapping customers in the North Sea, Brazil, and Asia-Pacific offshore basins.
• Havila Shipping ASA: Norwegian offshore service vessel operator focused on PSV and AHTS segments for the North Sea and Mediterranean markets. Comparable scale to Aurora and direct overlap in target customers and vessel types, with similar exposure to cyclical offshore E&P demand.
• DOF Group ASA: Norwegian-headquartered OSV and subsea services operator with one of the largest global fleets of AHTS, PSV, and subsea construction vessels. DOF competes directly with Aurora for North Sea, Mediterranean, and global chartering contracts, and both target the same IMR and subsea installation customer base.
• Siem Offshore AS: One of Aurora's two largest shareholders and a Norwegian-based OSV operator with a comparable fleet of AHTS, PSV, and subsea construction vessels serving global offshore energy markets. Siem-built vessels (Siem Opal, Topaz, Thiiima) already operate within Aurora's chartering network, making it the closest operational and strategic peer.

Broad incumbents

• Tidewater Inc. U.S.-listed global OSV operator with the world's largest fleet of offshore support vessels across all major basins. Tidewater is a broader incumbent than Aurora with deeper geographic and capability coverage, but competes in the same AHTS/PSV chartering markets globally.
• Bourbon SA: French-headquartered global OSV operator historically serving shallow and deepwater markets with a large PSV and AHTS fleet. Bourbon is a broad incumbent competing with Aurora in West Africa and Mediterranean basins, particularly for international oil company contracts.
• Edison Chouest Offshore: Privately held U.S.-based diversified offshore vessel operator with global reach across OSV, subsea, and offshore wind support. Comparable high-end vessel positioning and direct overlap with Aurora in the Gulf of Mexico, West Africa, and North Sea markets.

Regional players

• Vallianz Holdings: Singapore-based OSV operator focused primarily on the Asia-Pacific offshore market, providing AHTS and PSV services to regional oil and gas customers. Comparable vessel types and chartering model to Aurora, but serving different regional customers.

Others

• Damen Shipyards Group: Dutch shipbuilder and offshore vessel constructor that supplies the OSV market, including AHTS, PSV, and SOV designs for offshore wind. Adjacent to Aurora as the upstream builder of comparable vessel types and a potential supplier/partner as Aurora expands its fleet.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/aurora-offshore-as

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Aurora Offshore AS