Golden Energy Offshore Services Secures $21M in New Vessel Contracts

Norwegian vessel owner and operator Golden Energy Offshore Services (GEOS) has recently announced the signing of new vessel contracts and extensions, totaling $21 million in secured revenue. Additionally, the company has potential earnings of $21.7 million for the option period.

One of the firm contracts GEOS secured is for the Energy Duchess Multi-Purpose Support Vessel (MPSV), which is set to run until September 1, 2025, with an option for a six-month extension. This agreement demonstrates the company’s commitment to providing top-tier vessel services.

Furthermore, GEOS has extended its contract for the Energy Passion Platform Supply Vessel (PSV) until March 1, 2026, with a 12-month option included. This extension highlights the trust and satisfaction of their clients in the quality of service provided by GEOS.

Another significant contract secured by GEOS is for the Energy Paradise or Pace PSV vessel, with a firm term in place until April 16, 2026, along with a 12-month extension option. These contracts with Tier 1 international majors have already commenced, showcasing GEOS’ ability to meet the demands of industry leaders.

GEOS expressed their satisfaction with the new contracts, stating, “We are very pleased to secure these contracts, providing a solid backlog for GEOS. The awarded contracts underscore the company’s strong standing as a supplier of quality tonnage to Tier 1 clients.”

With these recent developments, Golden Energy Offshore Services continues to solidify its position in the industry as a reliable and trusted provider of vessel services. The company’s dedication to excellence and commitment to meeting the needs of its clients have been reflected in these new contracts, setting the stage for continued success in the years to come.