Dual-fuel PSV Chartered Before It's On the Stocks

Press Release
Friday, August 31, 2012

Siem Offshore Rederi contracts with TOTAL for the long-term charter of its newbuild PSV from delivery in 2014.

The contract with TOTAL E&P NORGE AS is for a new dual fuelled large platform supply vessel (PSV). The new PSV is to be operated from 2014 and will serve the Martin Linge field in the North Sea North-West of Stavanger.

This is the first long-term PSV contract Siem Offshore holds with TOTAL in the Norwegian sector. The agreement is made at market terms and is for an initial period of four years, with four one-year options. The contract will commence between May and August 2014.

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. It 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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