Island Offshore wins long-term contracts for platform supply vessels

12 March 2020 (Last Updated March 12th, 2020 13:01)

Norwegian offshore vessel owner Island Offshore has secured long-term contracts and extensions for six of its platform supply vessels (PSVs) offshore north-west Europe.

Island Offshore wins long-term contracts for platform supply vessels
The Island Commander vessel will provide offshore services to Lundin for the next three years, under new contracts. Credit: Gunder Tande Sandersen/Island Offshore Group.

Norwegian offshore vessel owner Island Offshore has secured long-term contracts and extensions for six of its platform supply vessels (PSVs) offshore north-west Europe.

Lundin Norway, a subsidiary of Lundin Petroleum, awarded contracts for three vessels to work in Norwegian waters.

The company made a three-year deal for PSV ‘Island Commander’. This vessel will continue providing back-up for drilling at the Edvard Grieg complex in the Utsira High region of the North Sea.

Lundin contracted the LNG-fuelled ‘Island Crusader’ and ‘Island Contender’ for durations 600 and 400 days respectively. The two LNG vessels will start work between April and August this year.

The Island Crusader will support the semi-submersible West Bollsta for a ten-well drilling programme. Meanwhile the Island Contender will assist the jack-up Rowan Viking in drilling seven wells.

Island Offshore Management managing director Tommy Walaunet said: “We have not seen contracts of equivalent duration for quite some time now, which makes it extra pleasant to sign contracts for three vessels in one go.

“This provides predictability for all our employees as well as a stable income for these vessels.”

As well as the Lundin deals, Island Offshore won an extension of an existing contract with Team Marine. It has retained the PSV Island Champion for another year, operating out of Aberdeen.

Walaunet added: “Both vessel and crew have delivered high-quality services for years with exceptionally good feedback from the customer. We are pleased and proud to have secured this extension for Island Champion.

“These contracts provide a significant contribution to our order book and secures work places to our competent crew.”