Repsol prolongs vessel’s gig offshore Norway

Norwegian vessel owner and operator Golden Energy Offshore Services (GEOS) has secured a contract extension for one of its platform supply vessels (PSVs) with Repsol Norge, a subsidiary of Spain’s Repsol.

While announcing the PSV Energy Swan’s prolonged stay with Repsol Norge, Golden Energy Offshore pointed out that the two-month extension would be in direct continuation of the existing charter contract from 2023 when the PSV was chartered for a firm period of two months with optional two plus two months, representing a total of four months of options.

No financial details were disclosed. However, the company did reveal that the large-size PSV Energy Swan will be available for new charters from May 1, 2024, as all options under the Repsol Norge charter have now been exercised. The 2005-built Energy Swan is a large PSV/pipe carrier of an ST 216 design and can accommodate 28 people.

Golden Energy Offshore recently took steps to enlarge its fleet of offshore supply vessels, by inking a binding memorandum of agreements for the acquisition of four PSVs and one safety and standby vessel (SSV) from subsidiaries of the Netherlands’ Vroon Holding for a total consideration of $94 million.

The extension with Repsol comes shortly after the Norwegian vessel owner found more work for two platform supply vessels in the North Sea.