Standard Drilling inks three long-term charters for large PSVs

Norwegian offshore vessel owner Standard Drilling has scored three longer-term contracts for its platform supply vessels.

Standard Supplier / Image by nz_willowherb/Flickr –  shared under CC BY-NC 2.0 license

The vessels in question are the Standard Princess, Standard Supplier, and Standard Provider large platform suppliers.

Standard Drilling did not say who the clients were, only describing them as “reputable.”Standard Drilling said: “The term contracts secure solid utilization going forward, with well known and reputable counterparties, all at increased day-rates in line with our 2019 forecast. The total firm period of the contracts corresponds to ~460-470 days. In addition, these term contracts have a combined option period of ~265days.”

The company said the contracts’ commercial terms of remained private and confidential but will in total give a positive EBITDA after management costs.

Martin Nes, Chairman of the Board of S.D Standard Drilling Plc said the contracts and the rates to be paid confirm the company’s optimism for the spring and summer season in the North Sea.

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

Oil & Gas Vietnam 2019

Oil & Gas Vietnam (OGAV) 2019 is the only specialized oil & gas event in Vietnam that brings together an international congregation…

read more >

Offshore Energy Exhibition and Conference (OEEC) 2020

Offshore Energy addresses the technical, operational and commercial challenges associated with future sector growth.

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