Otto Marine bags OSV deal in Australia

Otto Marine, an offshore chartering group, has announced that its subsidiary GO Offshore, has been awarded a chartering contract worth up to AUD94.8 million ($68.5M).

The vessel under the charter will be a 100-tonne Bollard Pull offshore support vessel (OSV), for FPSO infield support in the gas field of 40-year life in Australia.

The client is an international oil and gas exploration and production company. The chartering contract is confirmed for 5 years from May 2017 with the option of an additional 5-year extension.

The contract value for the confirmed period of 5 years is AUD47.4 million ($34.24M) and with the option, the total contract value is AUD94.8 million.

Commenting on the contract win, Michael See, Group CEO said, “We are delighted to have secured this chartering contract. The client is a world renowned E&P company and we are pleased to establish a working relationship with them.”

Share this article

Follow Offshore Energy Today

Events>

<< Sep 2019 >>
MTWTFSS
26 27 28 29 30 31 1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 1 2 3 4 5 6

Offshore Energy Exhibition and Conference (OEEC)

The three-day event features an exhibition where over 600 companies will showcase their products and services…

read more >

Argentina Oil and Gas Expo 2019

The Argentine Oil and Gas Institute (IAPG) organizes the Argentina Oil & Gas Expo bringing together the most…

read more >

OEE Conference & Exhibition 2019

OEE2019 is organised by Ocean Energy Europe, the industry association representing ocean energy in Europe.

read more >

Africa Oil & Power 2019

The Africa Oil & Power conference will bring together an elite class of ministers and senior-level government…

read more >

Jobs>

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply