Farstad Shipping ASA - Charter Agreements

Farstad Shipping ASA - Charter Agreements

ID: 284749

(Thomson Reuters ONE) -


Farstad Shipping ASA has been awarded the following charter contracts:

AHTS Far Sky (1991, ME 303 II, 13,382 BHP) and AHTS Far Grip (1993, UT
722, 14,388 BHP) have been awarded contracts by ENI Australia Ltd. for a fixed
period of 5 months with additional 5 months options. The vessels will be
supporting the ENSCO 104 at ENI's Evans Shoal gas field off Northern Australia.

BHP Billiton has awarded contracts to AHTS Far Sword (2006, UT 712L, 14,688 BHP)
and AHTS Far Sound (2007, UT 712L, 14,688 BHP) to support the semi-submersible
Jack Bates off North Western Australia. These contracts are for 3 wells firm
with the approximate duration of 5 months with a further option of 1 well.

AHTS Far Sabre (2008, UT 712L, 14,688 BHP) and AHTS Far Scimitar (2008, UT
712L, 14,688 BHP) have been awarded contracts by Woodside Energy Ltd. to support
the semi-submersible Atwood Eagle off North Western Australia. The duration of
the fixed period is estimated to 100 days.

Chevron has awarded an 18 month firm contract for a Farstad UT 712L AHTS
starting Q4 2013 with further options supporting the Ocean America offshore
Western Australia.

Brunei Shell Petroleum Company SDN BHD has awarded AHTS Lady Caroline (2003, UT
712, 12,240 BHP) a 5 month contract operating in Brunei waters.

Oil Search (PNG) Limited has declared a 1 well option to extend AHTS Far Fosna
(1993, UT 722, 14,388 BHP) and AHTS Lady Sandra (1998, KMAR 404, 15,014 BHP)
with an expected duration of approximately 30 days. The contract involves
supporting the semi-submersible Stena Clyde off Papua New Guinea.

Total value of the contracts, excluding options, is approx. NOK 350 mill.


Contacts:
CEO Karl-Johan Bakken - tel. +47 901 05 697
CFO Torstein L. Stavseng - tel. +47 911 07 001



Farstad Shipping's fleet currently consists of 59 vessels (30 AHTS, 26 PSV and




3 SUBSEA) and 2 PSV, 2 AHTS and 1 SUBSEA under construction. The company's
operations are managed from Aalesund, Aberdeen, Melbourne, Perth, Singapore,
Macaé and Rio de Janeiro with a total of 2080 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#1721201]




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Bereitgestellt von Benutzer: hugin
Datum: 05.08.2013 - 16:03 Uhr
Sprache: Deutsch
News-ID 284749
Anzahl Zeichen: 3292

contact information:
Town:

Ã…lesund



Kategorie:

Business News



Diese Pressemitteilung wurde bisher 203 mal aufgerufen.


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"Farstad Shipping ASA - Charter Agreements"
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Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).

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Farstad Shipping ASA will publish their results for the 4th quarter 2009 and results for 2009 on February 17, 2009. A presentation of the results will take place at Norges Rederiforbund, 7th floor, in Oslo on February 18 at 09.00 am. Annual General ...

FAR - Charter Agreements ...

Farstad Shipping announces the following new charter commitments: Petrobras, Brazil, has contracted PSV Far Supporter (1996, UT 750, 4.680 DWT) for a period of 3 years, with start up during the 1st quarter 2010. Peterson SBS has extended the contra ...

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