A contract extension has been secured with Repsol Norge AS. The contract is in direct continuation of the current charter contract from 2021. The large PSV Energy Swan was in 2021 chartered for a firm period of 1 year + optional (total of 1 years options). Repsol Norge AS and GEOS agreed after expiration of the firm period to extend for an additional 6 months till 1st May 2023 - reference to notice 13.09.2023. Repsol Norge AS and GEOS then agreed to extend contract with additional 2 months till 1st July 2023 – reference notice 31.03.2023. Repsol Norge AS and GEOS then agreed to extend contract with additional 2 months till 1st September 2023 - reference notice 30.05.2023.
Repsol Norge AS and GEOS have now agreed to extend contract with additional 2 months till 1st November 2023.
The are no more options available for Repsol Norge AS after 1st November 2023.
Golden Energy Offshore Services AS (GEOS) is pleased to inform that the charter on Energy Empress reported 11 August 2022 has now been extended for six months at agreed day rate of USD 18,500/day.
The Energy Empress has thereby secured firm employment till 24 April 2024. The charterers have another six months option under this charter. For more information about this charter, reference is made to the notice from GEOS dated 11 August 2022.
A new contract has been secured with Repsol Norge AS. The contract is in direct continuation of the current charter contract (ref latest notice of August 3rd 2023) also with Repsol Norge AS.
The new contract is for a firm period of two (2 months) + optional two (2) plus (2) months (total of four (4) months options). The vessel will commence the contract 1 November 2023. The contract reflects the current market rate for this type of vessel.
Solstad Offshore is pleased to announce a contract extension for the CSV"Normand Superior" with Ocean Infinity AB. The contract is now firm until 1Q2026, with two optional years thereafter.The commercial terms are in line with present market conditions for this type ofvessel.
Contract awards from Ocean Installer for CSV "Normand Navigator" and 5 of the company's AHTS's
Solstad Offshore ASA ("Solstad") is pleased to announce that Ocean Installer Limited ("Ocean Installer") has awarded Solstad a contract for a project in West Africa. The project will be executed by the five large AHTS's "Normand Drott", "Normand Prosper", "Normand Sapphire", "Normand Sigma" and "Normand Sirius". The combined contract duration is minimum 380 vessel-days and will commence in 4Q 2023.
In addition, Ocean Installer AS has awarded Solstad a seasonal contract for 2024 for the large CSV "Normand Navigator" for work mainly on the Norwegian
The contract also includes additional services such as ROV's, project support and survey.
Commercial terms between the parties are confidential, but in line with present market conditions for this type of vessels.
Siem Offshore has secured a contract extension for the AHTS Siem Topaz with a local client in Taiwan. Commencement will be in direct continuation of the current contract, for a firm period reaching into Q4 2024. The vessel will continue to be employed within the offshore wind industry.
Siem Offshore has been awarded a contract extension for the MPSV Siem Dorado securing utilization for a period reaching towards the end of Q2 2024. Commencement will be in direct continuation of the current contract with continued operations expected outside the North Sea.
DOF is proud to announce three new service contracts with Petrobras. The contracts were originated by a competitive bid process won by DOF andinclude work within our core service lines for Survey and Inspection.These contracts represent a continuation of the services handled by DOF on thePIDF123 contracts signed with Petrobras in 2020 and under operation since December of that year.
At least three vessels shall be utilised to perform flexible pipeline, risersand subsea equipment inspection in Campos Basin, Santos Basin, and EspíritoSantos Basin. More than 3,200 inspections are expected to be executed.The contracts are worth more than USD 260 million with planned commencement inQ4 2023 / Q1 2024 and estimated to be performed within 2 years.
Mons S. Aase, CEO DOF Group ASA said: "This is an important win securing high utilisation for us in Brazil and lifting the Group backlog to above NOK 25billion. I'm very proud for the continued trust Petrobras give us for doing complex IMR work in very deep water."
Letter of Intent (LOI) for a 1-year contract extension
DOF is pleased to announce that we have signed a LOI with a major Oil Company for extension of a large Subsea service contract in the Atlantic region.Commencement will be in November 2023. Estimated revenue from the contract is approximately USD 60 million.
Mons S. Aase, CEO DOF Group ASA, says: "I'm very pleased with this award adding further backlog for the Group.
This award and the award in Brazil announced yesterday lifts our secured backlog for 2024 to above NOK 10.5 billion. Compared to revenue LTM at NOK 11.9 billion we already have a strong basis for further earnings growth in 2024."