Golden Energy Offshore Services ASA (GEOS) has won a new deal for the multi-purpose support vessel (MPSV) Energy Duchess and agreed to take two more vessels under management. It also secured an extension for the platform supply vessel (PSV) Energy Paradise current contract.
A new deal was awarded to the Energy Duchess multi-purpose support vessel (MPSV). The contract for the Energy Duchess will start week 40 of the year 2024, as the owner claims, and the vessel will head out of North Sea.
The deal is supposed to end on March 1, 2025, but it does have extension options connected to it.
The company didn’t disclose the name of the operator but was described as a “first-class international operator.” The contract brings the vessel well through the winter season at 100% utilization.
Meanwhile, the company reported that the platform supply vessel (PSV) Energy Paradise won an extension for its present contract and is now firm until mid-April 2025, with options to extend until mid-October 2025.
Furthermore, Golden Energy Offshore Services ASA’s wholly owned management company – Golden Energy Offshore Management AS – also reported that it sealed two deals for the management of the vessels Energy Sphynx and Energy Savanah.
The vessels have newly signed MoAs by Energy Sphynx AS and Energy Savanah AS, joint affiliates of GEOS’s two largest shareholders, Clear Ocean Partners and Pelagic Partners.
The vessels, built in Qingdao 2021, are modern multi-purpose offshore vessels and will trade under the GEOS brand as “Energy” vessels.
In accordance with the agreements made for the purchase of the vessels, GEOS will man the vessels with experienced crew, enabling the continued operation of Energy Sphynx on its current charter and being able to quickly capture new opportunities for Energy Savannah.
GEOS chief executive officer Per Ivar Fagervoll said: “We are very happy and excited with this new management opportunity, which we believe will be very positive for the GEOS brand and for GEOS’s management business in general.
“Our view of the market is that these vessels are sought after and in demand, which will be mutually beneficial for both the shipowners and GEOS. We are also pleased to announce two more “over the winter season” contracts for the GEOS fleet which secures steady income at good levels.”
