General – Contracts PSV
Norway’s Golden Energy Offshore Services (GEOS) has entered into two new term contracts for two of its PSVs.
The names of the vessels were not revealed. However, the company said that they will be chosen from several of its PX121 design vessels.
The first contract is set to begin in January 2026 and will last 120 days. The client also has the option to extend the deal.
The second contract will commence in December this year and last 210 days. This contract also includes extension options.
According to the company, these contracts are at the market rate for this type of vessel. They will secure a substantial utilization rate and generate revenues in excess of $6 million for the company.
