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Island Offshore awarded contracts for platform supply vessels

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Oilfield Technology,

Island Offshore has secured long-term contracts for several of its platform supply vessels (PSVs).

Island Offshore awarded contracts for platform supply vessels

The two LNG-fuelled PSVs Island Crusader (pictured) and Island Contender as well as a third sister vessel Island Commander, have been contracted by Lundin Norway: the two first-mentioned vessels for a period of 600 days and 400 days respectively, while Island Commander can look forward to a contract with a duration of three whole years. Options of extension comes in addition for all three vessels.

“We have not seen contracts of equivalent duration for quite some time now, which makes it extra pleasant to sign contracts for three vessels in one go. This provides predictability for all our employees as well as a stable income for these vessels,” said Managing Director of Island Offshore Management AS, Tommy Walaunet.

The work will commence between April and August this year for the two LNG vessels, while Island Commander will take on its new contract in November, in direct continuation with the existing contract. Island Crusader will be supporting the rig West Bollsta for ten wells, while Island Contender will be supporting the rig Rowan Viking drilling seven wells. Island Commander will continue supporting the drilling activity at Edvard Grieg as she does today.

Image courtesy of Island Offshore

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