Golden Energy Offshore Services (GEOS) has entered into contracts with an Tier 1 international oil major for 1 year firm + 1 year option for Energy Passion and 6 months firm + 6 months option for Energy Paradise. The contracts are for operations in the North Sea and are expected to commence between March/April 2024. Gross contract value for the firm period is MUSD14.0m with an additional MUSD15.8m for the option period.
Photo: Energy Paradise GEOS
'We are very pleased to secure these contracts for Energy Passion and Energy Paradise, which provides a solid backlog for GEOS. The awarded contracts underscore the company’s strong standing as a supplier of quality tonnage to Tier 1 clients. These contracts confirm the robustness of the current charter market, with fixed earnings yielding attractive payback periods of the newly acquired vessels'.
Source: Golden Energy Offshore Services
