Golden Energy Offshore Services AS (GEOS) announced on Tuesday (Sep13) that a contract extension has been secured for Energy Swan.
A contract extension has been secured with Repsol Norge AS. The contract is in direct continuation of the current charter contract from 2021. The large PSV Energy Swan was in 2021 chartered for a firm period of 1 year + optional (total of 1 years options). Repsol Norge AS and GEOS agreed after expiration of the firm period that the vessel will remain on charter in direct continuation of the present firm period for an additional 6 months till 1st May 2023.
The charter rate reflects the market conditions. The parties have further agreed that Charterers continue having options available to charter the vessel as per the original charter (till 1st November 2023).
Some highlights from the assignment so far:
- The vessel have 100% utilization ytd
- No Technical Downtime
- Zero LTI (lost Time Incident) or other serious incidents
- Prior commencement of contract in November 2021, shore power plant was installed on the vessel, allowing to stop diesel engines while alongside. Result since November 2021 using clean hydro power from shore when available, is a emission reduction of approx. 2 750 kilos of NOX and 231 000 kilos of CO2
“We would like to thank Repsol Norge for the trust shown by this extension and we would like to thank the crew and all involved for their great performance to gain this trust.”