Offshoretråden - Kontrakter

Refvik

Administrator
Staff member
Contract extension for 3 x AHTS vessels operating in Australia

Siem Offshore has agreed with the charter to extend the firm contract for 3 x large AHTS vessels (Anchor Handling Tug Supply vessels) operating in Australia. The extension will secure work until October 2021 for all 3 AHTS vessels with options until end of 2022.
 

Refvik

Administrator
Staff member
GC Rieber Shipping: Short-term charter for Polar Queen

GC Rieber Shipping ASA is pleased to announce a new short-term contract, for three weeks with further options to extend, for the walk-to-work vessel Polar Queen for a Tier 1 client in Europe for work in an offshore wind park. Polar Queen is currently mobilising for the project and will commence the charter tomorrow.

The charter is in direct continuation of the vessel's previous five-month charter, also in the walk-to-work market. The back to back charter arrangement shows the vessel's attractiveness in the market and ability to secure new charters and clients.
 

Refvik

Administrator
Staff member
GC Rieber Shipping - Extension of charter contract for icebreaker Polar Pevek

GC Rieber Shipping ASA is pleased to announce a two-year extension for the icebreaker Polar Pevek. The extension follows from end of the firm period in September 2021, making the vessel firm until September 2023. Polar Pevek is a customised heavy icebreaker and commenced her original charter in 2006 on what originally was a 15-year charter. The vessel is operating off Sakhalin Island, in far east Russia.

The vessel is co-owned 50/50 with Maas Capital and operated by GC Rieber Shipping's Russian co-owned shipmanager OOO Polarus.

"We are proud to secure multiple years of extension so far in advance completion of the contract. It's an acknowledgement of the vessel's unique characteristics and our operational performance. We look forward to continuing our good and close cooperation with our client together with our partners", Christoffer Knudsen, CCO, commented.

"We recently announced a shift in the company's strategy with an increased focus on project developments of sustainable maritime projects. The extension is a recognition of that one of our core legacy projects creates value to our client more than 17 years after its beginning. It's a true testament to our significant development potential", Einar Ytredal, CEO, commented.
 

Refvik

Administrator
Staff member
DOF Subsea secures Integrated FSV Contract in Africa

DOF Subsea has been awarded an integrated Field Support Vessel (FSV) contract with an international oil company in Angola. The project shall utilize Skandi Seven for a minimum of 303 firm vessel days plus 365 days of options. The Contract also includes the potential supply of additional vessels, as required by client.

DOF Subsea shall during the project deliver integrated FSV services, project management, engineering, procurement and logistics within deep-water construction and maintenance of existing subsea assets. Work packages under the contract shall also include services for transportation and installation of flexible products and various subsea equipment.

Mons S. Aase, CEO, DOF Subsea said, "I am pleased that DOF Subsea is trusted with another contract in Angola. This project will secure utilization for our integrated FSV team and assets, strengthening our position as a leading one-stop solutions provider for integrated subsea operations across multiple disciplines. DOF Subsea is continuously working to develop efficient services without compromise to safety."
 

Refvik

Administrator
Staff member
Early termination of charter party - Normand Maximus

Normand Maximus Operations Ltd, a wholly owned subsidiary of Solstad Offshore ASA and disponent owner of the vessel "Normand Maximus", has today received a notice of early termination of the charter party for the vessel from the charterers, Saipem (Portugal) Comercio Maritimo LDA.

The charter party includes early termination provisions. The original charter period for the vessel was eight years. The early termination means that the charterers terminate the charter after approximately four years of chartering. The estimated back-log lost following the termination is approximately USD 200 million. Normand Maximus Operations Ltd. will be entitled to an early termination fee of approximately USD 45 million following the termination.
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Denne såg eg ikkje komme - kva arbeid framover har Solstad for denne ska tru?
 

Refvik

Administrator
Staff member
GC Rieber Shipping: Shearwater GeoServices awarded a marine 3D seismic survey by PETRONAS Suriname E&P B.V.

GC Rieber Shipping ASA's 19% owned geoservices company Shearwater GeoServices Holding AS ("Shearwater") today announced the award of a large towed streamer 3D seismic survey for Block 52, offshore Suriname by PETRONAS Suriname E&P B.V. (PSEPBV), a subsidiary of PETRONAS. PETRONAS is an integrated global energy company and the Americas is one of the regions the company is focusing on. The four-month project is scheduled to commence in Q4, 2020.

The 3D seismic survey covers surface area of 6,200 sq. km in Suriname's Block 52 and will be carried out by the Geo Caribbean vessel. PSEPBV is the operator of Block 52 with 50% participating interest together with partner, ExxonMobil holding the remaining 50%.
 

Refvik

Administrator
Staff member
DOF Subsea contract awards in APAC region

DOF Subsea have been awarded two contracts in the Asia Pacific region, securing backlog for the onshore team and offshore fleet. The first project involves saturation diving and will see Skandi Singapore deployed for 3 to 4 weeks starting early Q4 2020.

The second award is for onshore preparation and planning for a decommissioning project which, with further possibility for offshore work in 2021.

Mons S. Aase, CEO, DOF Subsea said, "I am pleased that that we continue to build backlog for the region and that DOF Subsea is a trusted provider for integrated subsea operations across multiple disciplines. DOF Subsea is continuously working to develop efficient services without compromise to safety."
 

Refvik

Administrator
Staff member
EIOF - Contract award for Viking Lady

Eidesvik Offshore ASA has been awarded an extension to the current time charter contract with Aker BP ASA for the PSV Viking Lady. The new contract will commence in direct continuation of the existing contract. The firm period of the extended time charter contract is 12 months from January 1, 2021.
 

Refvik

Administrator
Staff member
DOF Subsea Australia Contracted by Woodside Energy

Woodside has awarded DOF Subsea Australia a contract to provide Transportation & Installation (T&I) services in support of flowline installation operations in the Cossack Wanaea Lambert and Hermes (CWLH) field, North West Shelf, Australia.

The award includes Project Management, Engineering, Transportation and Installation Services and is expected to be completed during Q3 2021. The project will utilise the DSV Skandi Singapore, which, with an in-built saturation diving system and 140Te AHC crane, is ideally suited to these operations.

Mons Aase, CEO DOF Subsea AS, said, "We look forward to working with Woodside to deliver safe and efficient award."
 

Refvik

Administrator
Staff member
Contract extensions with key clients in Norway

Solstad Offshore ASA (“Solstad”) is pleased to announce contract extensions with key clients Equinor and Aker BP.

Equinor has declared an option to extend the contract for anchor handling vessel Normand Ferking with 1 more year to November 2021. Equinor has the option to extend the contract with further 2 x 1 years. Normand Ferking has been on contract with Equinor since 2007.

In addition, as part of the Frame Agreement between Aker BP ASA and Solstad, Aker BP ASA has extended present contract for the PSV Far Solitaire with 12 months, commencing 1st January 2021.

Both vessels will continue to support the oil & gas activities on the Norwegian Continental Shelf.
 

Refvik

Administrator
Staff member
Skandi Vega - extension of contract with Equinor Energy AS

Equinor Energy AS has declared an option to extend the firm period of Skandi Vega from 6 months to 2 years, and the vessel will be firm until May 2022.

Skandi Vega has worked continuously with Equinor since 2010.

DOF ASA CEO, Mons S. Aase, said "DOF is delighted to further strengthen the relation with Equinor and to secure firm backlog".
 

Refvik

Administrator
Staff member
Early termination of charter party - Normand Maximus

Normand Maximus Operations Ltd, a wholly owned subsidiary of Solstad Offshore ASA and disponent owner of the vessel "Normand Maximus", has today received a notice of early termination of the charter party for the vessel from the charterers, Saipem (Portugal) Comercio Maritimo LDA.

The charter party includes early termination provisions. The original charter period for the vessel was eight years. The early termination means that the charterers terminate the charter after approximately four years of chartering. The estimated back-log lost following the termination is approximately USD 200 million. Normand Maximus Operations Ltd. will be entitled to an early termination fee of approximately USD 45 million following the termination.
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Denne såg eg ikkje komme - kva arbeid framover har Solstad for denne ska tru?

Update - Normand Maximus

Reference is made to Solstad Offshore ASA's ("SOFF") stock exchange notice dated 17 September 2020 in which it was advised that Saipem (Portugal) Comercio Maritimo ("Saipem") had early terminated the time charter for "Normand Maximus".

The time charter for "Normand Maximus" entitled Saipem to terminate the charterparty for convenience against payment of an early termination fee to SOFF's wholly owned subsidiary Normand Maximus Operations Limited (the "SOFF Subsidiary") as disponent owner of "Normand Maximus".

The notice period for the termination under the time charter is 45 days meaning that the termination of the time charter will be effective and the vessel redelivered on or around 2 November 2020. The termination fee is in the amount of approximately USD 44 million.

Normand Maximus is financed under a financial lease entered into between Maximus Limited as owner of "Normand Maximus" and the SOFF Subsidiary as bareboat charterer.

SOFF holds a 25% ownership share in the leasing company Maximus Limited.

The financial lease is guaranteed by SOFF and includes customary prepayment events and default provisions. These may i.a require the SOFF Subsidiary to purchase the vessel if the SOFF Subsidiary is not able to secure new employment for the vessel. The vessel is one of the largest and most sophisticated vessels within its segment and SOFF expects that the vessel will be engaged on new projects within reasonable time. SOFF and the SOFF Subsidiary are exploring the market opportunities and is now engaging in dialogue with the leasing company Maximus Limited with a view to agree on a solution for the financial lease taking into account the early termination by Saipem.

It is not expected that the completion of the restructuring of the SOFF group to be considered by the general meeting of the Company on 20 October 2020 will be affected by the termination of the time charter contract.
 

Refvik

Administrator
Staff member
Normand Skimmer awarded a 5-year contract in Australia

Solstad Offshore ASA is pleased to confirm that the PSV Normand Skimmer has been awarded a significant long term contract with a major international company.

The 2012 built vessel of PSV 08CD design, has been contracted for a period of 5
years plus options to support operations offshore North Western Australia from
Q4 2020.

During the campaign the vessel will operate from Dampier, servicing production
activities in the region.
 

Refvik

Administrator
Staff member
 

Refvik

Administrator
Staff member
Tre års kontrakt for «Havila Harmony»

Havila Shipping har inngått en tre års kontrakt med OceanPact Netherlands B.V. for skipet «Havila Harmony». Det informerer selskapet fredag.

Kontrakten er en såkalt bareboat-kontrakt, som vil si at kontrakten kun gjelder skipet. Ikke mannskap eller annet.

Skipet skal operere i Brasil og kontrakten inneholder en mulig forlengelse av avtalen på ett år.

«Havila Harmony» er forventet å gå inn i sin nye rolle i løpet av fjerde kvartal av 2020, men skal først tilpasses tekniske krav og få gjennomført vedlikehold.

"Havila Harmony" er ferdig på Båtbygg og bunkra i Måløy idag. Har fått malt på stor OceanPact logo på sida samt cargorail i Rød, Gul og Grønn farge. Er på vei til Stavanger nå
 

Refvik

Administrator
Staff member
DOF Subsea has been awarded a MPSV contract on the Mero Field in Brazil

The DOF Group is pleased to announce another contract award in Brazil for Libra Consortium, supporting Petrobras' operation activities on the Brazilian continental shelf.

Petrobras has awarded DOF Subsea a 3 years MPSV vessel contract for Mero field. Skandi Salvador is the vessel that will operate 2 x WROV for 24 hours providing inspection, maintenance and subsea commissioning services in water depths of up to 2,500m, including shallow dive services with Oceânica.

The contract reinforces DOF's strategic positioning in the Brazilian market. Since June 2020, the DOF Group has been awarded contracts in Brazil worth USD 250 million.

DOF Subsea Brazil will be responsible for the ROV operations while Norskan will be responsible for marine operations. Both companies are 100% owned subsidiaries of DOF ASA.

Mons S. Aase, CEO in DOF Group said, "I am very pleased over being awarded this long-term contract with Petrobras. The award further strengthens DOF's position in the IMR market in Brazil. DOF Subsea is dedicated to deliver efficient services without compromise to safety."

Libra Consortium is led by Petrobras - with a 40% interest - in partnership with Shell Brasil (20%) ; Total (20%), CNODC (10%) and CNOOC Limited (10%). The Consortium also has the participation of the state-owned company Pré-Sal Petróleo SA (PPSA) as manager of the Production Sharing Agreement.
 

Refvik

Administrator
Staff member
Contract award

Reach Subsea ASA ("Reach") has been awarded a contract for use of the Olympic Challenger in a project in the Gulf of Mexico. The contract, which does not include ROVs, is set to commence in November with a firm period lasting through 1Q2021 and with options to extend towards the summer of 2021. With this contract, Reach has covered its remaining commitment on the Olympic Challenger.

Furthermore, since our last update Reach has together with MMT secured several smaller contracts for the winter season. We now have approximately 900 project days (equivalent to about 1,200 ROV days) for second half 2020 execution, and approximately 450 project days (about 600 ROV days) for 2021 execution.

Jostein Alendal, CEO of Reach Subsea, comments: "We are very pleased with our success in building a sensible schedule for the winter season. Admittedly, the Olympic Challenger contract is merely a question of covering our cost in a tough winter market, but with this we are now setting ourselves up to enter 2021 with a solid financial position. We believe this will be an important enabler for our ability to realise some of the interesting opportunities we are pursuing for the future."
 

Refvik

Administrator
Staff member
GC Rieber Shipping: Short-term charter for Polar Queen

GC Rieber Shipping ASA is pleased to announce a new short-term contract for walk -to-work vessel Polar Queen for a Tier 1 client in Europe for work in an offshore wind park. Polar Queen will commence the new contract in mid-November.

The charter continues Polar Queen's strong utilization in the walk-to-work market proving the vessel's attractiveness.
 

Refvik

Administrator
Staff member
EIOF - Contract award for Viking Princess
Eidesvik Offshore ASA has been awarded a time charter contract with Wintershall Dea Norge AS for the PSV Viking Princess. The contract is scheduled to commence in December 2020. The firm contract period is 12 months plus options for extensions.

Jan Fredrik Meling, CEO & President, commented: "We are very pleased that our clients share our dedication to environmental friendly shipping
 

Refvik

Administrator
Staff member
EIOF - Contract award for Viking Neptun

Eidesvik Offshore ASA ("Eidesvik") has secured a contract with DEME Offshore NL BV ("DEME") for a fixed period of 84 days for the offshore construction vessel Viking Neptun, with options for extensions. Commencement of the contract is scheduled to primo November 2020.

Jan Fredrik Meling, CEO & President, commented: "We are very pleased to see that Viking Neptun continues to be attractive in the offshore wind industry and we are looking forward to demonstrating our capabilities to DEME, which is a new
client for Eidesvik."
 
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