Total Charters Siem Offshore’s PSV (Norway)

Total Charters Siem Offshore's PSV (Norway)

Norwegian company Siem Offshore has signed a Platform Supply Vessel charter contract with TOTAL E&P NORGE AS.

The contract is for a new dual fuelled large platform supply vessel (PSV) which will serve the Martin Linge field in the North Sea North-West of Stavanger. The contract is expected to start between May and August 2014.

Siem did not reveal the financial details of the deal but said that: “The agreement is made at market terms and is for an initial period of four years, with four one-year options.”

This is the first long-term PSV contract Siem Offshore holds with TOTAL in the Norwegian sector.

The ship is designed in collaboration with Wärtsilä Ship Design, and will have a dual fuel system for the use of either LNG or Marine Diesel Oil. The vessel will be equipped with the most modern solutions for fire-fighting and emergency preparedness, a deck of 968m2 and under deck capacities well suited for the intended operations. Siem Offshore has received firm offers from yards for the construction of the vessel.

Offshore Energy Today Staff, August 30, 2012


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