Rem Offshore Nets A number of Offshore Vessel Offers Value

Norway-based offshore vessel proprietor Rem Offshore mentioned Wednesday it had secured a number of long-term contracts for its vessels. 

“The contracts have been signed on market phrases and can guarantee excessive fleet utilization within the coming years,” Rem Offshore mentioned.

The 2013-built Rem Inspector subsea vessel has been awarded contracts for work on offshore wind tasks in Taiwan. The contracts have a complete period of simply over one 12 months with start-up within the fourth quarter of 2023, with an undisclosed shopper.

Since 2019, the Rem Inspector has labored inside offshore wind with gangway companies and the commissioning of offshore wind farms.

The subsea vessel Rem Saltire has been awarded a 2-year contract for an unnamed worldwide seismic provider, and will likely be used for node seismic and ROV companies globally.

The Rem Mira has secured a contract extension with the UK-focused oil agency Serica Vitality till This autumn 2026. 

The Rem Insula and Rem Cetus have gained contract extensions with the oil firm Apache till the primary quarter of 2025. 

“The availability vessels will proceed to cooperate effectively with their charterers and can assist their operations on the UK continental shelf,” Rem Offshore mentioned.

The Rem Star and Rem Artwork vessels have secured two-year extensions with Norway’s Equinor and have ongoing contracts “effectively into 2025.”

“The availability vessels will assist their operations on the Norwegian continental shelf, and Rem is happy to proceed its cooperation with Equinor. The vessels nonetheless have 3 annual choices left after 2025,” Rem Offshore mentioned.

“It’s gratifying to notice that the contracts mirror each at present’s market and the vary of companies we are able to provide to our good clients. We’re solidly positioned in a number of segments with a contemporary and environmentally pleasant fleet, and together with nice effort from our staff, we proceed to be a most popular transport firm,” says CEO Lars Conradi Andersen.

The contracts have a complete worth of simply over NOK 1.5 billion (presently round $138,4 million), and Rem Offshore has a complete backlog of round NOK 3 billion (presently round $276,8 million).