Golden Energy Secured Term Contracts for Three of It's Vessels

Source: www.gulfoilandgas.com 4/9/2024, Location: Europe

Reference is made to ourpress release from the 4th ofApril 2024 where it was announced that the we had secured short term contracts for the vessels Energy Partner and Energy Swan.

We are pleased to announce that we have successfully secured a short term contract for the vessel Energy Pace.

All three contracts are with first class international charterers and consolidated for a total of 380 firm vessel days.The average day rate for the contracts exceeds USD 28,000/day, resulting in a total firm value of approximately MUSD 10.8.

According to Per Ivar Fagervoll, CEO of Golden Energy Offshore Services AS: "We are delighted to secure these contracts for our vessels. This achievement reflects our team's dedication to providing top-tier services and underscores our commitment to operational excellence."

Additionally, the same charterers have options to utilize the vessels for up to 380 days at an average day rate exceeding USD 28,600/day. If these options are exercised, the total contract value would amount to MUSD 21,7.

These contracts underscore the Company's commitment to providing high-quality offshore services.


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