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Norwegian Offshore Vessel Owner Secures Contract Extension

2024-11-28

In the dynamic world of offshore marine operations, Norwegian Sea1 Offshore has achieved a significant milestone. The company has successfully secured a contract extension for its offshore subsea construction vessel, Sea1 Spearfish, from marine geophysical service provider PXGEO. This extension is set to keep the vessel engaged within the marine geophysical segment and support charterer's operations worldwide until the first quarter of 2026.

Norwegian Offshore Vessel's Contract Extension Boosts Global Operations

Contract Details and Timeline

PXGEO exercised the option to extend the contract for Sea1 Spearfish OSCV for one more year. Back in February 2024, Sea1 Offshore entered a one-year contract with PXGEO for the vessel, which already included a one-year option. This extension ensures the continued presence of the 2014-built vessel in the offshore subsea construction and related operations. The vessel, designed for subsea operation duties such as construction and installation work, inspection and maintenance, is classed according to SPS 2008 and Clean Design. It is well-equipped to handle the diverse requirements of the marine geophysical segment.This extension not only provides stability to Sea1 Offshore but also allows PXGEO to rely on a reliable vessel for their operations. It showcases the trust and confidence between the two companies in the face of the ever-changing offshore industry. The vessel's continued engagement is expected to contribute to the growth and success of both parties, as it operates in different parts of the world, supporting various geophysical projects.

Vessel's Capabilities and Features

The 2014-built Sea1 Spearfish OSCV is a highly capable vessel with a range of features designed specifically for subsea operations. Its construction and installation capabilities enable it to handle complex projects with ease. The inspection and maintenance functions ensure the smooth operation and longevity of subsea infrastructure. The vessel's class according to SPS 2008 and Clean Design standards reflects its commitment to safety and environmental sustainability.These features make Sea1 Spearfish an ideal choice for marine geophysical service providers like PXGEO. It allows them to carry out their operations with confidence, knowing that the vessel is equipped to handle the challenges of the offshore environment. The vessel's performance and reliability have been proven over the years, and this contract extension is a testament to its value in the industry.In conclusion, the contract extension for Sea1 Spearfish OSCV is a significant development for both Sea1 Offshore and PXGEO. It highlights the importance of reliable offshore vessels in the marine geophysical sector and showcases the capabilities of Sea1 Offshore's fleet. As the vessel continues to operate worldwide, it will play a crucial role in supporting the growth and development of the offshore industry.