Golden Energy Services secures new contracts and contract extensions

Golden Energy Offshore Services (GEOS) has entered and extended contracts with Tier 1 international majors.

- Concluded Contract on the Energy Duchess – vessel firm until 1. September 2025 with 1 x 6 months option

- Concluded extension on the Energy Passion – vessel firm until 1. March 2026 with 1 x 12 months option

- Concluded term on the Energy Paradise /- or Pace – vessel firm until 16. April 2026 with 1 x 12 months option

Gross contract value for the firm periods is MUSD21.0m with an additional MUSD27.7m for the option period.

Energy Duchess (Source: GEOS)

GEOS per today backlog of approximately USD 27.0m firm and additional MUSD46.9m for the option period.

'We are very pleased to secure these contracts 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.'

Original announcement link

Source: GEOS