Farstad Shipping secures 10 AHTS contracts

AHTS Far Grip, operated by Farstad Shipping ASAFarstad Shipping ASA announced that it has been awarded 10 charter contracts for anchor-handling tug supply vessels from ENI Australia, BHHP Billiton, Woodside Energy, Chevron, Brunei Shell Petroleum, and Oil Search (PNG):

AHTS Far Sky (1991, ME 303 II, 13,382 BHP-brake horsepower, a measure of engine power) and AHTS Far Grip (1993, UT 722, 14,388 BHP) have been awarded contracts by ENI Australia Ltd. for a fixed period of 5 months with additional 5-month options. The vessels will be supporting the ENSCO 104 jackup at ENI’s Evans Shoal gas field off northern Australia.

BHP Billiton has awarded contracts to AHTS Far Sword (2006, UT 712L, 14,688 BHP) and AHTS Far Sound (2007, UT 712L, 14,688 BHP) to support the semisubmersible Jack Bates off northwestern Australia. These contracts are for three wells, firm, to last about 5 months, with an option for one additional well.

AHTS Far Sabre (2008, UT 712L, 14,688 BHP) and AHTS Far Scimitar (2008, UT 712L, 14,688 BHP) have been awarded contracts by Woodside Energy Ltd. to support the semisubmersible Atwood Eagle off northwestern Australia. The fixed period is estimated at 100 days.

Chevron has awarded an 18-month firm contract for a Farstad UT 712L AHTS starting Q4 2013 with further options supporting Diamond Offshore's Ocean America semisubmersible off Western Australia.

Brunei Shell Petroleum Co. SDN BHD has awarded AHTS Lady Caroline (2003, UT 712, 12,240 BHP) a 5-month contract operating in Brunei waters.

Oil Search (PNG) Ltd. has declared a one-well option to extend AHTS Far Fosna (1993, UT 722, 14,388 BHP) and AHTS Lady Sandra (1998, KMAR 404, 15,014 BHP) with an expected duration of approximately 30 days. The contract involves supporting the semisubmersible Stena Clyde off Papua New Guinea.

Total value of the contracts, excluding options, is approx. NOK 350 million (US$58.18 million).

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