Shell, Wintershall Extend Charters with Golden Energy for PSV Duo

Source: www.gulfoilandgas.com 7/15/2019, Location: Europe

Golden Energy Offshore Services AS (GEOS-ME) is pleased to inform that a contract extension has been secured for Energy Swan and Energy Scout.

A contract extension has been secured with Wintershall Norge AS. The contract is in direct continuation of the charter contract from 2013. The large PSV Energy Swan was in 2013 chartered for a firm period of 4 years + optional (total of 5 years options).

Wintershall Norge AS and GEOS agreed after expiration of the firm period several extensions, latest with firm period to 31 August 2019. The parties have now agreed that the vessel will remain firm on charter in direct continuation present firm period and till 30 November 2019.

The charter rate reflects the market conditions. The parties have further agreed that Charterers continue having options available to charter the vessel as per the original charter (till 30 November 2021).

In beginning of January 2019 the vessel entered directly from previous term contract- in to a short term contract with SNEPCO (Shell) where vessel wasfirm until mid-April 2019 when new contract with SPDC (Shell) was entered into with expire 15th July.

The parties have now agreed that the vessel will be extended with 6 months firm contract and vessel remain firm on charter in direct continuation present firm period and till 20 January 2020.

Terms reflect short term market in region which is reasonably tight on availability of this type of high spec PSV tonnage.

Vessel has 99% utilization ytd.


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Related Categories: Diving Contractors  Dredging  FPSO Vessels and Equipment  General  Marine Services  Mooring Systems  Offshore Platforms  Subsea Production 

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