Siem Offshore receives $23-million supply vessel contracts
BY DOMINIC CHOPPING
KRISTIANSAND -- Siem Offshore said it has been awarded contracts for two of its vessels and the gross value for the firm period of the two contracts is $23 million.
Siem Offshore has entered into a contract with Capricorn Exploration and Development Company Limited & Nautical Petroleum Limited for anchor handling tug supply vessel "Siem Aquamarine" for operations offshore Morocco.
The charter contract is a firm period of 4 wells and the charterer has an option to extend the charter contract for 4 additional wells.
Siem Offshore and Hess Equatorial Guinea INC have entered into a contract for the platform supply vessel "Sophie Siem" for operations offshore Equatorial Guinea.
The charter contract is for a firm period of 18 months and Hess has an option to extend the charter contract by 2 x 3 months.
The contracts have commencement in 3Q 2013.
Dow Jones Newswires