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.

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Offshore Energy Today Staff, August 30, 2012