Farstad Shipping ASA – Charter Agreement
Total E&P Congo has through Petro Services awarded the CSV Far Sleipner (2015, VARD 3 07, 9,200 DWT) a contract of 18 months to support their subsea development activity in Congo. Commencement of the contract will take place during Q4 2016. Total has option to extend the contract by 6 x 2 months periods.
The commercial terms of the agreement will be kept private and confidential between the parties.
- Over the last 18 months, Far Sleipner has developed very good relations with Total through the work performed on the MOHO North field development project in Congo. We are very pleased to be selected as Total’s preferred partner for the next phase of this project. This contract shows the attractiveness of our new series of subsea vessels that meet our client’s expectations for advanced subsea operations in deep water production developments. We highly appreciate the confidence Total, as one of our key clients, is showing us again, says Karl-Johan Bakken, CEO of Farstad Shipping ASA.
Contacts:
CEO Karl-Johan Bakken – tel. +47 901 05 697
CFO Olav Haugland – tel. +47 915 41 809
Farstad Shipping’s fleet currently consists of 56 vessels (28 AHTS, 22 PSV and 6 SUBSEA) and 1 SUBSEA vessel under construction. The company’s operations are managed from Aalesund, Melbourne, Perth, Singapore, Macaé and Rio de Janeiro with a total of 1,780 employees engaged onshore and offshore. The company’s strategy is to be a leading quality provider of large, modern offshore service vessels to the oil industry.
