GEOS secure contracts for Energy Passion and Energy Paradise

29 Jan 2024 17:29 CET

Ålesund 29.01.2024

Golden Energy Offshore Services AS (GEOS) is pleased to inform that it has
entered into contracts with an Tier 1 international oil major for 1 year firm +
1 year option for Energy Passion and 6 months firm + 6 months option for Energy
Paradise. The contracts are for operations in the North Sea and are expected to
commence between March/April 2024. Gross contract value for the firm period is
MUSD14.0m with an additional MUSD15.8m for the option period

“We are very pleased to secure these contracts for Energy Passion and Energy
Paradise, which provides a solid backlog for GEOS. The awarded contracts
underscore the company’s strong standing as a supplier of quality tonnage to
Tier 1 clients. These contracts confirm the robustness of the current charter
market, with fixed earnings yielding attractive payback periods of the newly
acquired vessels”

For further information:

Per Ivar Fagervoll
CEO +47 97 42 88 84
pif@geoff.no

More information:
Access the news on Oslo Bors NewsWeb site