The Norwegian-based and Oslo Stock Exchange-listed offshore tonnage provider Golden Energy Offshore Services AS (GEOS) has entered into new term contracts for two of the PSV’s of PX121 design vessels with a “prestigious,” as the company said, international charterer.
GEOS has revealed, in a stock exchange filling, that the first fixed contract has a duration of 120 days plus options, commencing in January 2026, whilst the second contract has a duration of 210 days plus options, commencing in December 2025.
The shipowner has disclosed that these contracts, made at market levels for this type of vessel, secure a substantial portion of utilization and add revenues in excess of $6m to the company’s backlog.
