Farstad Shipping ASA - Charter Agreements
(Thomson Reuters ONE) -
Farstad Shipping ASA has been awarded the following charter contracts:
Statoil has awarded Farstad Shipping ASA a long-term charter contract for two
platform supply vessels, each for a firm period of 6 years and 3 x 1 year
options. The contracts will be served by two new builds. Shipbuilding contracts
for these will be signed in the near future. Commencement of the Charter
Contracts is after delivery from the yard, which is expected to be3(rd) and
4(th) quarter 2014 respectively. Statoil is a major and important customer for
Farstad Shipping. These contracts further strengthen the company's position as a
long-term supplier for Statoil.
In Australia Santos Australia Ltd. has awarded PSV Lady Grete (2002, UT
755L, 3,271 DWT) and AHTS Far Saltire (2002, UT 728L, 16,320 BHP) a contract in
support of their Nan Hai VI drilling operations on their Fletcher Finucane
campaign. Approx. duration of the contract is 235 days with commencement in
June.
Shell Australia has awarded their Palta exploration support to AHTS Far Stream
(2006, UT 712L, 14,688 BHP) and AHTS Far Scimitar (2008, UT 712L, 14,688 BHP).
Duration for this campaign is approx. 3 months commencing in August. In addition
Shell Australia has awarded their long term Prelude drilling support contracts
to PSV Far Spirit (2007, VS 470 Mk II, 3,624 DWT), PSV TBN Far Skimmer (2012,
STX PSV08 CD, 4,000 DWT) and PSV TBN Far Sitella (2013, STX PSV08 CD, 4,000
DWT). Durations for each vessel vary between approx 1.5 to 2.5 years with
potential options to extend each by a further 200/300 days. Contract
commencement for the two newbuilds will be immediately after delivery from the
yard in Vietnam. Start up for PSV Far Spirit will be in the middle of August.
The contracts in Australia are important for Farstad Shipping's long-term
campaign in this region, and further strengthen our long cooperation with Shell
as a major, international oil company.
Total value of the contracts, excluding options, is approximately NOK 1,4
billion.
Contacts:
CEO Karl-Johan Bakken - tel. +47 901 05 697
CFO Torstein Stavseng - tel. +47 911 07 001
Farstad Shipping's fleet currently consists of 53 vessels (29 AHTS, 21 PSV and
3 SUBSEA) and 6 PSV and 4 AHTS under construction. The company's operations are
managed from Aalesund, Aberdeen, Melbourne, Perth, Singapore, Macaé and Rio de
Janeiro with a total of 2000 employees engaged onshore and offshore. The
company's strategy is to be a leading quality provider of large, modern offshore
service vessels to the oil industry. The company maintains a long-term charter
profile for the fleet.
www.farstad.com
This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Farstad Shipping ASA via Thomson Reuters ONE
[HUG#1619734]
Unternehmensinformation / Kurzprofil:
Datum: 14.06.2012 - 14:25 Uhr
Sprache: Deutsch
News-ID 156630
Anzahl Zeichen: 3694
contact information:
Town:
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Kategorie:
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