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Home›Business & Finance›More time with Shell for Golden Energy Offshore vessel
Business & Finance

April 19, 2024 · about 2 years ago

More time with Shell for Golden Energy Offshore vessel

Golden Energy Offshore Services (GEOS) has secured a contract for a platform supply vessel (PSV) with Shell UK.

2 minutes read
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PSV Energy Pace; Source: Golden Energy Offshore

Norwegian vessel owner and operator Golden Energy Offshore Services (GEOS) has secured an assignment for a platform supply vessel (PSV) with Shell UK, a subsidiary of Britain’s energy giant Shell.

Following contracts for the PSVs Energy Partner and Energy Swan , Golden Energy Offshore has now won a short-term deal for the PSV Energy Pace . According to the vessel owner, all three contracts with international charterers are consolidated for a total of 380 firm vessel days. The average day rate for these deals exceeds $28,000/day, resulting in a value of approximately $10.8 million.

Per Ivar Fagervoll , CEO of Golden Energy Offshore Services, commented: “We are delighted to secure these contracts for our vessels. This achievement reflects our team’s dedication to providing top-tier services and underscores our commitment to operational excellence.”

As these charterers have options to utilize the vessels for up to 380 days at an average day rate exceeding $28,600/day, Golden Energy Offshore explains that the total contract value would amount to $21,7 million if these options are exercised.

With a DWT of 4200 T, the 2015-built PSV Energy Pace , which is of an Ulstein PX121 design multipurpose field supply pipe carrier special purpose vessel, was constructed at Cosco Guangzhou Shipyard. The diesel-electric propulsion system and low fuel consumption enable low emissions.

Golden Energy Offshore won deals for another PSV due a few months ago in the North Sea and took steps to expand its fleet of offshore supply vessels with four PSVs and one safety and standby vessel (SSV).

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