Norwegian Energy Major Equinor Extends Contracts for Simon Møkster Shipping Vessels
Norwegian energy major Equinor has exercised the first extension option for three Simon Møkster Shipping’s emergency response and rescue vessels.
The vessels in question are the 2003-built Stril Poseidon, the 2011-built Stril Merkur, and the 2008-built Stril Herkules. These vessels will continue their services on the Norwegian Continental Shelf.
All three vessels signed their contracts with Equinor in early 2017 when the energy firm was still known as Statoil. The deals were for seven years firm with five one-year options.
At the time, the company also hired the Havila Shipping ERRV, Havila Troll, on an identical contract. The deal for the Havila vessel was extended in November last year. The total worth for the four seven-year deals was NOK 2.7bn ($260m).
The value of the extensions was left undisclosed. With the first extension options used, Equinor has four more one-year extension options left.