GEOS - Commercial update for January 2023

20 Feb 2023 22:30 CET

GOLDEN ENERGY OFFSHORE SERVICES AS

Ålesund, Norway, February 20th 2023

In January 2023, Golden Energy Offshore Services AS (GEOS) achieved time charter
equivalent earnings of approximately USD 13,700 per day and fleet utilization of
98,7%.
The Energy Scout was sold in January 23.

Presently GEOS has three PSVs whereof Energy Swan is on Term business with
Repsol N, Energy Empress is on Term Business in Caribbean and Energy Duchess
trading spot with very good utilization, although rates reflect winter season
and high availability in North Sea.

The market continues improving in several regions and Energy Duchess is an
attractive position for several business opportunities.

For further information please contact.

Per Ivar Fagervoll
CEO
email pif@geoff.no
Phone +47 97428884

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