Brief: GEOS Signs Contract For Drilling Campaign In Caribbean

Golden Energy Offshore Services ASA

11/08/2022 15:03

Aug 11 (Reuters) - Golden Energy Offshore Services AS
 GEOS.OL :
    * NEW LONG-TERM CONTRACT AND COMMERCIAL UPDATE
    * GOLDEN ENERGY OFFSHORE SERVICES AS - LONG-TERM TIME
CHARTER
CONTRACT FOR VESSEL ENERGY EMPRESS OR ENERGY DUCHESS WITH OIL &
GAS OPERATOR
    * CONTRACT FOR OFFSHORE DRILLING CAMPAIGN IN CARIBBEAN.
    * CONTRACT IS BASED ON BIMCO SUPPLYTIME 2017 AND HAS A FIRM
PERIOD
OF 12 MONTHS WITH TWO OPTIONS FOR SIX MONTHS EACH
    * GROSS VALUE OF CONTRACT IS APPROX. MUSD 7.9 WITH AN EBITDA
MARGIN OF 64% FOR COMPANY FIRST FIRM YEAR
    * ENJOYED A GOOD Q2, WITH HIGH UTILIZATION AND INCREASING
RATES.
    * HAS ACHIEVED 100 PER CENT UTILIZATION ON FLEET IN Q3, AT
ATTRACTIVE RATES.

Source text for Eikon:  ID:nObi95Rrma 
Further company coverage:  GEOS.OL 

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