Eidesvik nets contract extension for LNG-powered PSV

February 9, 2024 Stu Turley LNG
Eidesvik

Norway’s Eidesvik Offshore has secured a contract extension for one of its LNG-powered PSVs.

According to a statement by Eidesvik, compatriot energy firm Aker BP has declared an option to extend the contract for the supply vessel Viking Lady.

The contract extension runs from February 2025 in direct continuation of the current contract, extending the firm period to February 2026.

Eidesvik did not provide any additional information regarding the contract.

Built in 2009, Viking Lady is 92.2 meters long and 21 meters wide.

Besides LNG propulsion, the PSV features a battery hybrid system.

Eidesvik announced back in September 2021 a three-year contract with Aker BP for Viking Lady.

The contract was awarded in direct continuation of the previous charter under the companies’ frame agreement.

In addition to this PSV, Eidesvik also has four additional LNG-powered PSVs in its fleet, including the 2012-built, Viking Prince, which also serves Aker BP under a charter deal.

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About Stu Turley 3408 Articles
Stuart Turley is President and CEO of Sandstone Group, a top energy data, and finance consultancy working with companies all throughout the energy value chain. Sandstone helps both small and large-cap energy companies to develop customized applications and manage data workflows/integration throughout the entire business. With experience implementing enterprise networks, supercomputers, and cellular tower solutions, Sandstone has become a trusted source and advisor.   He is also the Executive Publisher of www.energynewsbeat.com, the best source for 24/7 energy news coverage, and is the Co-Host of the energy news video and Podcast Energy News Beat. Energy should be used to elevate humanity out of poverty. Let's use all forms of energy with the least impact on the environment while being sustainable without printing money. Stu is also a co-host on the 3 Podcasters Walk into A Bar podcast with David Blackmon, and Rey Trevino. Stuart is guided by over 30 years of business management experience, having successfully built and help sell multiple small and medium businesses while consulting for numerous Fortune 500 companies. He holds a B.A in Business Administration from Oklahoma State and an MBA from Oklahoma City University.

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