Gulf Oil and Gas accountACCOUNT

Sovcomflot Extends Charter for Vyacheslav Tikhonov

Source: www.gulfoilandgas.com 6/10/2019, Location: North America

Polarcus Limited (PLCS) refers to its announcement dated 25 March 2019 describing the exercise of an option to redeliver "Vyacheslav Tikhonov" (originally named "Polarcus Selma") by Sovcomflot ("SCF") under the bareboat charter and to its announcement dated 3 June 2019 confirming an award of a wide-azimuth project in the Americas.

A subsidiary of Polarcus has chartered "Vyacheslav Tikhonov" on commercial terms with the intention that the vessel works as a source vessel on the referenced wide-azimuth program expected to continue into Q4, 2019.

Accordingly, SCF has withdrawn its notice of redelivery and exercised an option to extend the bareboat charter period of hire for 2 years (until October 2021, with further options). Both parties have redelivery options during the extended hire period with SCF's first redelivery option being exercisable with effect from completion of the 'charter-back' for the wide-azimuth program.

Unless the vessel is redelivered at that time, the bareboat charter revenue generated by the Vessel is then expected to contribute to the Company's positive financial performance.

FPSO Vessels and Equipment News in United States >>

Mexico >>  7/18/2019 - Solstad Offshore ASA (SOFF) and Subtec S.A has agreed to extend the contract for the CSV "Far Sentinel" with 2,5 years. The vessel operates in Mexico....
Nigeria >>  7/16/2019 - Keppel Offshore & Marine Ltd has through its wholly-owned subsidiaries, Keppel FELS Limited (Keppel FELS) and Keppel Shipyard Ltd (Keppel Shipyard), s...

Norway >>  7/15/2019 - Golden Energy Offshore Services AS (GEOS-ME) is pleased to inform that a contract extension has been secured for Energy Swan and Energy Scout. ...
United Kingdom >>  7/11/2019 - Fugro has successfully provided remote positioning services onboard a floating production storage and offloading (FPSO) vessel for Bluewater during a ...

United Kingdom >>  7/9/2019 - The technology group Wartsila has achieved a new technology benchmark with the introduction of the marine sector’s first hybrid installation for a bul...
United Kingdom >>  7/8/2019 - GC Rieber Shipping has entered into a time charter agreement with a European offshore client for the CSV vessel Polar Queen for a period of about 5 mo...

Related Categories: Diving Contractors  Dredging  FPSO Vessels and Equipment  General  Marine Services  Mooring Systems  Offshore Platforms  Subsea Production 

Related Articles: Diving Contractors  Dredging  FPSO Vessels and Equipment  General  Marine Services  Mooring Systems  Offshore Platforms  Subsea Production 


United States Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | 24 | 25 | 26 | 27 | 28 | 29 | 30 | 31 | 32 | 33 | 34 | 35 | 36 | 37 | 38 | 39 | 40 | 41 | 42 | 43 | 44 | 45 | 46 | 47 | 48 | 49 | 50 | 51 | 52 | 53 | 54 | 55 | 56 | 57 | 58 | 59 | 60 | 61 | 62 | 63 | 64 | 65 | 66 | 67 | 68 | 69 | 70 | 71 | 72 |

More News

Related Links

Gulf Oil and Gas
Copyright © Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.