Norwegian vessel proprietor Golden Energy Offshore Services (GEOS) has entered into contracts for 2 of its platform provide vessels (PSVs) – Energy Passion and Energy Paradise.
The contract is with ‘Tier 1 international oil major’ whose title was not disclosed, with the operations deliberate to happen within the North Sea.
The contract for the 2016-built Energy Passion PSV is for one-year agency, with one-year choice.
The Energy Paradise PSV, inbuilt 2015, has been employed for six months agency and 6 months choice.
The gross contract worth for the agency interval is $14 million, with an extra $15.8 million for the choice interval.
The operations are anticipated to start between March and April, GEOS knowledgeable.
“We are more than happy to safe these contracts for Energy Passion and Energy Paradise, which gives a strong backlog for GEOS. The awarded contracts underscore the corporate’s sturdy standing as a provider of high quality tonnage to Tier 1 purchasers. These contracts verify the robustness of the present constitution market, with mounted earnings yielding enticing payback durations of the newly acquired vessels,” stated Per Ivar Fagervoll, CEO of GEOS.
