Farstad Shipping secures new contracts

Farstad Shipping has announced that it has been awarded four vessel charter contracts from Petrobras, Shell and Saipem.

Petrobras has extended the contract for the MPSV Far Swift with another year in direct continuation with present contract, until October 2017. The vessel will continue to deliver air diving and ROV services in cooperation with Fugro Brasil , on the Brazilian continental shelf.

Shell Brasil Petroleo has awarded the PSV Far Star a 2-year contract for the support of their production activities offshore Brazil.The contract will commence by the end of 2016, and Shell has the option to extend the contract with additional 2 years.

Saipem SA has awarded the PSV Far Service and the PSV Far Supporter six months contracts to support their activity on the ZOHR development project offshore Egypt. Commencement of the contract will take place during December 2016. Saipem has option to extend the contracts for another 30 days.

Source: Global Oil Update

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