FAR - Charter Agreements
(Thomson Reuters ONE) -
Farstad Shipping has been awarded the following charter contracts:
PSV Lady Grace (2002, UT 755, 3.936 DWT) a further 12 month charter extension
has been declared by Woodside from 30 April 2010.
AHTS Far Stream (2006, UT 712L, 15.900 BHP) has been extended by Woodside for a
period of 1 year (plus 2 x 1 year options) with start up 20 April 2010.
AHTS Far Strait (2006, UT 712L, 15.900 BHP) has been extended by Woodside for a
period of 4 months firm from 20 April with 4 x 2 months options.
PSV Far Spirit (2007, VS 470 MKII, 3.550 DWT) has been awarded a 12 months firm
contract by Woodside commencing in May with 2 x 1 year options.
The vessels above will be engaged in Woodside's ongoing drilling program in
Australian waters.
In the North Sea PSV Far Strider (1999, VS 483, 4 605 DWT) has been awarded a
18 months firm contract by Apache North Sea Limited commencing in May with 2 x
6 months options.
Total value of the contracts incl. options is approximately NOK 600 mill.
Contacts:
CEO Karl-Johan Bakken - tel. +47 90 10 56 97
CFO Torstein Stavseng - tel. +47 91 10 70 01
Farstad Shipping's fleet currently consists of 57 vessels (30 AHTS, 24 PSV and
3 SUBSEA) and 1 AHTS under construction at Norwegian yard. The company's
operations are run from Aalesund, Aberdeen, Melbourne, Singapore and Macaé by a
total of 1850 employees onshore and offshore. The company's strategy is to be a
major international supplier of large, modern offshore service vessels to the
oil industry. We also remain committed to solid long-term charter profile for
the fleet.
www.farstad.com
This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act)
[HUG#1390452]
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Datum: 03.03.2010 - 03:30 Uhr
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News-ID 1010816
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