Two Norway-listed offshore support vessel (OSV) owners have secured charters for their assets as the North Sea market begins to pick up
Golden Energy Offshore Services has reactivated a 2019-built platform supply vessel (PSV) after securing a term charter from an unnamed energy company.
It has mobilised PSV Energy Dutchess to Alesund, Norway ready to begin a charter in northern Europe. The Ulstein PX121 H-design multipurpose vessel was in lay-up for 14 months.
Golden Energy Offshore said it will start a contract with a firm period of 40 days, plus options, this month. It now has three of its four vessels in full operation, and over 90% vessel utilisation for Q2 2021 “in the improved North Sea spot market”.
Siem Offshore has gained a three-month contract for its anchor handler Siem Pearl. The 2009-built VS 491 clean design vessel will work for PSE Kinsale Energy, formerly Marathon Oil Ireland, supporting a semi-submersible rig performing well plugging and abandonment work on the Kinsale gas field off southern Ireland in July.
“As there is a scarcity of AHTS term-contract opportunities in the North Sea, we are pleased to secure utilisation of the vessel into Q4 2021 in a competitive market,” said Siem Offshore.
Another Oslo-listed vessel owner, Axxis Geo Solutions, has sold one of its survey support vessels as part of its financial reorganisation. Neptune Naiad and associated survey equipment was sold to Sanco Holding for an undisclosed sum.
As part of the financial restructuring, Axxis expects the shareholder base of the company will significantly change and a new board will be appointed on 23 June. This follows private placement and debt pay-back deals, including repaying the remaining principal and accrued interest under the loan with Eksportkreditt Norge. Axxis also said it is evaluating its strategic direction.
“The likely outcome of these evaluations is that Axxis will grow and expand into new business areas, which are not related to the oil and geophysical market area,” Axxis said.
“The clear ambition and goal of this process is to create value for Axxis’ shareholders on a long-term basis, which includes retaining and maximising the value of its existing asset-light geophysical business.”
Axxis will shortly commence work on a previously announced survey contract in the North Sea.
Riviera Maritime Media will provide free technical and operational webinars in 2021. Sign up to attend on our events page