Siem Offshore receives $23-million supply vessel contracts

9/11/2013

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

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