Farstad Shipping ASA signed a letter of intent (LOI) with Technip regarding utilization of the subsea vessel Far tbn Sleipner.
The agreement is to secure the vessel for a period of 11 months, divided into two fixed periods. Including mobilization and demobilization, Technip can use the vessel for up to 16 months.
The vessel is currently under construction at Vard Langsten. Delivery of the vessel from the yard is expected to take place in March/April 2015, and preparations for the contract will then start immediately.