Four Norwegian owners have secured contracts for their offshore support vessels in a market showing signs of recovery
Solstad Offshore was the latest Oslo, Norway-listed owner to announce a term contract for one of its platform supply vessels (PSVs), gaining an 18-month term contract for 2013-built PSV Sea Falcon to work in the UK sector of the North Sea.
This contract with an unnamed UK-based operator is scheduled to commence Q3 2021. There is a one-year option attached to extend this contract into 2024. Solstad said Sea Falcon will join sister vessel Sea Forth to work for the same UK North Sea operator.
Eidesvik Offshore gained a time charter contract for its PSV Viking Prince for operations in the Norwegian sector of the North Sea. This 2012-built vessel will work for Aker BP for 100 days from August 2021 under a frame agreement to support a drilling campaign.
Earlier in June, Siem Offshore 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 supporting a semi-submersible rig conducting well plugging and abandonment work on the Kinsale gas field off Ireland in July.
Also this month, Golden Energy Offshore Services reactivated 2019-built PSV Energy Dutchess after securing a term charter from an unnamed energy company.
Oslo-listed energy data provider TGS has purchased 3D multi-client seismic surveys from Polcarus. These cover 12,200 km2 offshore Australia. In addition, Polarcus has permanently waived the revenue-share rights associated with the multi-client library TGS acquired in 2015. Polarcus has been eligible for a 50% revenue share from the relevant datasets after accumulated revenues reached TGS’ minimum return requirements.
“The transaction further enhances TGS’ position in certain prospective basins in Australia where many of our customers are actively exploring,” said TGS chief executive Kristian Johansen.
“Over the past six years, TGS has taken advantage of its strong financial position to acquire several multi-client libraries and single assets that have formed the basis for further development of the relevant basins, creating significant value both for our customers and our shareholders,” he added.
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