Farstad Shipping ASA - Charter Agreements
24 July 2014 - 6:00PM
Farstad Shipping ASA has been awarded the
following charter contracts:
Inpex has awarded contracts to AHTS Far Sword
(2006, UT 712 L, 14.700 BHP) and AHTS Far Stream (2006, UT 712 L,
14.700 BHP). Commencement is expected to take place in November
2014. The duration of the contracts will be approx. 40 months, with
further up to 24 months options.
In addition the PSV Far Seeker (2008, UT 751 E,
4.905 DWT) has been awarded a contract by Inpex with commencement
expected to be in November 2014. The contract is for a firm
duration of 18 month with further up to 24 months options. The
vessel is for the time being traded in the North Sea.
Woodside Energy Ltd. has awarded AHTS Far Sirius
(2014, UT 731 CD, 24.400 BHP) a 16 month contract, with further up
to 18 months options. Commencement is expected to take place
in October 2014. The vessel has been traded in the spot market in
the North Sea. AHTS Far Stream (2006, UT 712 L, 14.700 BHP)
has been awarded a 60 days contract by Woodside with start up in
August.
Esso Australia has awarded the PSV Far Supplier
(1999, VS 483, 4.709 DTW) a two year contract, with further 3 years
options. In addition the PSV Far Scandia (1991, UT 705, 3.100 DTW)
have been awarded a contract for a fixed period of 10 months with
additional 6 months options. The new contracts are in direct
continuation of existing contracts.
AHTS Far Sabre (2008, UT 712 L, 14.700 BHP) and
AHTS Far Sound (2007, UT 712 L, 14.700 BHP) have been awarded
contracts by ENI Australia Ltd. for a fixed period of 110 days with
additional 35 days options. Commencement is expected to take place
in September 2014.
AHTS Lady Caroline (2003, UT 712, 12.240 BHP) has
been awarded a 60 days contract by SINOPEC for the support of the
Stena Clyde. Commencement is expected to take place in August
2014.
Statoil has awarded a contract to PSV Far Scotsman
(2012, PSV 08 CD, 4,000 DWT) to support the Statoil drilling
operations in Tanzania. Commencement will take place in direct
continuation to present contract with same charterer. The duration
of the contracts will be 8 months, with a further 6 x 6 months
option.
Karoon Petroleo & Gas Ltda has awarded a 5
months contract with a further 4 x 30 days option to AHTS Far
Senator (2013, UT 731 CD, 24,400 BHP) to support their drilling
program in Brazil. Commencement of the contract will take place
during July 2014.
Petrobras has extended the contract on AHTS Far
Santana (2000, UT 730, 19 200 BHP) with another 4 year in
direct continuation with present contract.
Total value of the contracts, excluding options,
is approx. NOK 1.75 billion.
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 61
vessels (32 AHTS, 26 PSV and 3 SUBSEA) and 1 PSV and 2 SUBSEA under
construction. The company's operations are managed from Aalesund,
Aberdeen, Melbourne, Perth, Singapore, Macaé and Rio de Janeiro
with a total of 2200 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 NASDAQ OMX Corporate Solutions on
behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Farstad Shipping ASA via Globenewswire
HUG#1834874
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