Norway’s shipowner and operator of offshore service vessels Golden Energy Offshore Services ASA (GEOS) has secured a new term contract for the PSV Energy Pace with a first-class international charterer, according to a stock notification from Euronext.

The contract covers operations on the UK Continental Shelf (UKCS) with nine (9) wells – firm period -corresponding to approximately 319 days plus an eight (8) one-well options, corresponding to approximately 260 additional days.

GEOS states that the firm contract has a value of approximately GBP 4.85 million, reflecting the agreed day rate adjustment.

Including the optional periods, the total potential contract value is in the region of GBP 10 million.