The Company has entered into a contract with an undisclosed client for operations in South East Asia.
The project will utilize the OSCV Siem Barracuda for a scope of work consisting of subsea preparatory work required for the construction of a new offshore wind farm.
The contract has a firm duration of 5 months plusoptions, and will commence around year end following the completion of the vessel’s current contract in the same region.
Also, the OSCV Siem Stingray has received an extension of 2 months on her current contract,before undertaking a battery power installation, which is one of several measures being undertaken to reduce our environmental footprint.
Upon completion of the battery installation she will be mobilized for the contract previously reported on July 28th 2021, for utilization until Q4 2022 plus options within the UK Offshore wind market.