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Sovereign Marine – Indigenous • DP3 • ESG‑Ready
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West Africa’s First Fully Indigenous DP3 Floatel

Secure, compliant, and ready to support offshore projects in Nigeria & Ghana

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All forward-looking statements are subject to risks. This site is for informational purposes and does not constitute an offer or solicitation of securities.
$120 M–200 MFund Size Target
$5 000+Min Investment
15–20 %Target IRR (Base Case)
80–90 %Utilisation Target
Q1 2027Launch Goal

About Sovereign Marine

Our Mission & Vision

Ocean horizon symbolizing our maritime vision

Sovereign Marine is pioneering West Africa’s first fully indigenous DP3 floatel, delivering world-class offshore accommodation in the Gulf of Guinea. Our mission is to empower local economies through sustainable maritime infrastructure, backed by a seasoned management team with decades of offshore expertise.

We envision a future where institutional capital meets critical infrastructure needs, driving consistent, infrastructure-like returns for investors while fostering regional growth and compliance with local content mandates.

Learn About Investment

Strategy & Opportunity

Why Offshore Accommodation?

Evolving safety standards and deeper offshore fields are fueling demand for modern, compliant floatels. Long-term charters with IOCs and NOCs ensure stable, infrastructure-like revenue streams, making floatels a compelling investment.

Why Now?

  • Local Content Mandates: Nigeria and Ghana’s stringent regulations favor indigenous operators, creating barriers for foreign vessels.
  • Market Timing: Sovereign Marine is poised to secure NCDMB Category A status and strategic joint ventures in Ghana, capitalizing on a supply-constrained market.

How It Works

  1. Contract a new-build DP3 hull with a top-tier yard (two shortlisted yards under negotiation).
  2. Outfit a 300–500-bed floatel with helideck, medical suite, HSSE, and full SOLAS class.
  3. Charter to Gulf-of-Guinea operators at US $75k–100k / day.
  4. Distributions from operating cash-flow plus equity value realised at exit (sale or refinancing).

Project Milestones

Q2 2025

Data room opens, PPM issued, first investor commitments accepted.

Q4 2025

First close (>$80M), vessel selection, MoA signed, and surveys completed.

Q1 2026

Conversion begins at selected shipyard with DP3 systems integration.

Q1 2027

Commissioning completed, chartering begins, and income generation starts.

2027–2030

Stable cashflow distributions from operational floatel charters.

2030+

Exit strategy executed via vessel sale, refinancing, or fund wind-down.

Market Overview

Offshore Industry Landscape

Offshore rig in Nigerian and Ghanaian waters

Nigeria’s Bonga field produces over 200,000 barrels per day, while Ghana’s Jubilee/TEN fields are expanding output (Source: S&P Global).

DP3 Accommodation Demand & Rates

Day rates in West Africa range from US$70k – 100k+, commanding a premium over global averages.

Chart not available. Day rates: West Africa ($85,000), Global Average ($60,000).

3-Year utilisation outlook indicates sustained high demand through 2027.

Chart not available. Utilisation: 2025 (70%), 2026 (85%), 2027 (95%).
Floatel deck inset

Regulatory Tailwinds

Nigerian flag overlay on a vessel

Nigeria’s local content laws heavily favor indigenous floatels, effectively limiting foreign vessel competition.

Ghana’s Petroleum Commission local participation requirements similarly drive preference for local JV solutions.

DP3 floatel vessel in operation Wireframe blueprint of the DP3 floatel

The DP3 Floatel

Drag to explore the Blueprint

Dynamic Positioning (DP3)

Triple-redundant thrusters, generators, and control systems ensure unmatched stability in harsh offshore conditions.

Offshore Hotel

300–500 berths with hospital, gym, cinema, and high-speed Wi-Fi mesh for crew comfort.

CAP-437 Helideck

S-92-rated deck with night operations and firefighting foam monitors.

SOLAS / MLC 2006

ABS ✠A1 Accommodation + DP3 ✠AMS Class notation for global compliance.

Construction Roadmap

  1. Final design sign-off & yard contract
  2. Keel-laying & steel fabrication begins
  3. Accommodation & DP3 systems integration
  4. Sea trials + ABS class certification
  5. First charter — revenue commencement

ESG & Compliance

Environmental Standards

Clean ocean water surface
  • MARPOL compliance with sewage treatment systems.
  • Low-sulfur fuel usage to minimize emissions.
  • Advanced DP software reduces thruster load and fuel consumption.

Social Impact

Local crew training session

We partner with the Nigerian Maritime Academy and Ghana’s maritime institutes to train local crew, including cadet programs and community outreach.

Governance & Ethics

Boardroom handshake
  • Zero tolerance for facilitation payments (FCPA/UK Bribery Act).
  • Annual ESG reporting & third-party audits on financials.

Investor Overview

Funding Status

We are currently raising capital for our DP3 floatel acquisition and conversion. This is not an offer to sell securities; any investment is subject to legal agreements and regulatory approval.

Forward-Looking Statements: IRR and day-rate projections are estimates, not guarantees, and are subject to market risks.

Fund Structure & Investor Terms

Legal Structure

  • Reg D 506(c) U.S. Limited Partnership + Reg S feeder for non-US investors.
  • Nigerian SPV holds the vessel and secures NCDMB registration.

Terms Summary

  • Minimum Subscription: US $5 000 (crowd) / US $100 000 + (institutional)
  • Fund Term: 6–8 years (+ 2-year extension)
  • Management Fee: 2.0 % p.a.
  • Performance Incentive: 20 % carry above an 8 % preferred return
  • Distribution Waterfall: Return of capital → 8 % pref → 80 / 20 split
  • Investor Portal: Quarterly IR dashboard & secure document vault

Use of Proceeds

  • 65 % – Vessel acquisition, legal, survey
  • 25 % – Conversion & upgrades (DP, cabins, helideck, safety)
  • 10 % – Working capital, mobilisation, contingency

Interactive Financial View

Chart not available. IRR: Base Case (17.5%), Upside (25%).

Risk Analysis

Market Volatility: Mitigated via multi-year charter negotiations.

Regulatory Changes: Continuous compliance monitoring in Nigeria & Ghana.

Documents & Presentations

Download Pitch Deck (PDF)

Download Financial Summary (PDF)

Request Term Sheet

Process & Timelines

Due Diligence: Data-room access, management meetings & subscription agreement.

Projected Closing: Equity close targeted for Q2 2025 to align with hull acquisition.

ABS Certification DNV Certification Nigerian Maritime Academy
“Sovereign Marine’s local expertise makes them a preferred partner for West African offshore projects.” – [Investor Name]

Risks & Disclaimers

Investments involve risks, including capital loss, illiquidity, and execution risk. Key risks include:

  • Market fluctuations in offshore activity or oil price
  • Regulatory or political disruption in Nigeria / Ghana
  • Delays in vessel conversion or charter execution

Full risk disclosures are in the PPM. Forward-looking statements are not guarantees and may change. Past performance is not indicative of future results.

Legal & Regulatory Notices

This site is for informational purposes only. No offer or solicitation is made where unlawful.

  • United States: Open solely to accredited investors under Rule 506(c) of Regulation D.
  • EU: Materials aimed at professional investors under AIFMD.
  • UK: Distributed under FCA exemptions (HNWI & investment professionals).
  • Nigeria: Available to Qualified Investors only; not a public offer.

By proceeding, you confirm you are a qualified investor and accept our full Terms & Disclaimer.

News & Updates

Latest Announcements

  • Establishment

Media Features

Read our coverage on marinelink.com and offshore-energy.biz.

Contact Us

Direct Contact Info

Nigerian port background

Office: 123 Marine Road, Lagos, Nigeria

Phone: +234 1 234 5678

Email: investors@sovereignmarine.ng

Get in Touch

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