Eidesvik Offshore, the owner of Norwegian marine vessels, has extended its contract with the major Norwegian energy company Equinor for the platform supply vessel Viking Avant. This contract, which directly continues from the current agreement, extends the vessel's validity period until the end of 2027 and includes options for further extensions. This recent agreement brings the vessel's working time with Equinor to its 23rd year.
Background of Eidesvik and Equinor Cooperation
The Viking Avant has been utilized as part of Equinor's fleet since its delivery in 2004. Helga Katgru, CEO of Eidesvik Offshore, expressed happiness in continuing their cooperation with Equinor based on current market conditions. This collaboration, especially in the current economic climate, reflects mutual trust and the need for sustainable resource supply in the oil and gas industry.
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New Contract for Viking Queen
Earlier this month, Eidesvik Offshore also secured a new contract for the platform supply vessel Viking Queen. This vessel is being taken out of the spot market to be utilized in a drilling campaign starting early next year. The contract includes drilling one well, and its estimated validity period is about 290 days, with additional extension options included. The client for this project has not yet been announced.
Given the changes and challenges in the energy market, the extension of such contracts reflects ongoing efforts by companies to maintain and strengthen collaborations in the industry. Additionally, this action can be seen as a sign of stability in the marine services market.
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