GEOS signs contract extension for PSV Energy Swan with Wintershall

By Gemiler

Golden Energy Offshore Services AS (GEOS) announced on Tuesday that a contract extension has been secured with Wintershall Norge AS.

The contract is in direct continuation of the charter contract from 2013.

GEOS signs contract extension for PSV Energy Swan with Wintershall
Caption: Offshore Tug/Supply Ship Energy Swan - Image courtesy of GEOS

The large PSV Energy Swan was in 2013 chartered for a firm period of 4 years + optional (total of 4 years options).

Wintershall Norge AS and GEOS have agreed a 6 months charter extension on market Level, and Wintershall Norge AS is entitled to its remaining options under the 2013 contract.

The Energy Swan contract is now firm until 1st June 2018 with 3,5  years of options in Charterers favor.

Source: GEOS