Troms Offshore awarded long term contract with Statoil

Troms Offshore and Statoil ASA has agreed to enter into a charter for the operation of a newbuild Platform Supply Vessel (PSV).

The firm contract period is 3 years with 3 additional options each of 1 year. Commencement of operations under the contract is scheduled for 1st quarter 2014.

Troms Offshore has entered into a Letter of Intent with STX OSV who in turn has nominated STX OSV Aukra to build a PSV 07 design ship to service the charter with Statoil. The ship will be delivered from STX OSV Aukra shortly before or shortly after year end 2013.

PSV 07 is a new innovative design developed by STX OSV and is a larger version of the well proven PSV 09 design.  The vessel will be a Clean Design environmentally friendly diesel electric ship with focus on low fuel consumption and low emission of greenhouse gases. The vessel is further arranged for rapid response rescue opertions, recovery of personnel and oil recovery operations.  The ship is prepared for  winterized operations including the class notations ICE C and DEICE.