PSV Energy Swan; Source: Golden Energy Offshore Services

Platform supply vessel secures more time with Repsol

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

PSV Energy Swan; Source: Golden Energy Offshore Services

Golden Energy Offshore Services disclosed a contract extension with Repsol Norge for the PSV Energy Swan on Tuesday, 30 May 2023. The Norwegian vessel owner explains that this deal is in direct continuation of the current charter contract from 2021 when the PSV was chartered for a firm period of one year plus one year of extension options.

Following the expiration of the firm period, GEOS agreed with Repsol Norge to extend the deal for an additional six months until 1 May 2023. Afterwards, the two players agreed to extend the contract for additional two months until 1 July 2023.

In line with this, GEOS and Repsol have now made arrangements to prolong the contract for two more months until 1 September 2023. Repsol also has options to hire the vessel as per the original charter until 1 November 2023.

The 2005-built Energy Swan is a large PSV/pipe carrier of an ST 216 design. It can accommodate 28 people. Previously, the vessel worked for Wintershall Norge, a Norwegian unit of Wintershall Dea.

Golden Energy Offshore Services has been busy over the past few months. The Norwegian firm entered into a Memorandum of Agreement (MoA) for the sale of the PSV Energy Scout in 2022 and got a bring-to-work (B2W) contract and a medium-term contract in direct continuation for its multi-purpose support vessel (MPSV) Energy Duchess in March 2023.