PSV Energy Pace; Source: Golden Energy Offshore

More time with Shell for Golden Energy Offshore vessel

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.

PSV Energy Pace; Source: Golden Energy Offshore

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).