Farstad Wins AHTS Deals for Asia Pacific Jobs

Norway's Farstad Shipping ASA announced Monday that it has been awarded several charter contracts for its anchor handling tug supply (AHTS) vessels to work in the Asia Pacific region.

Eni Australia Ltd has awarded Farstad contracts for AHTS Far Sky and AHTS Far Grip for a fixed period of 5 months with additional 5 months options. The vessels will support ENSCO 104 (400' ILC) at Eni's Evans Shoal gas field off Northern Australia.

Farstad also received contracts from BHP Billiton for AHTS Far Sword and AHTS Far Sound to support the semi-submersible Jack Bates off North Western Australia. The contracts are for 3 wells firm with the approximate duration of 5 months and an option for 1 well.

Woodside Energy ltd. contracted AHTS Far Sabre and AHTS Far Scimitar to support semi-submersible Atwood Eagle off North Western Australia for an esimated fixed period of 100 days.

Meanwhile, Chevron has awarded Farstad an 18 month firm contract, including options, which will commence in 4Q 2013 to support the semi-submersible Ocean America off Western Australia.

The Norwegian company also reported that Oil Search (PNG) Limited has declared a 1 well option to extend the charter of AHTS Far Fosna and AHTS Lady Sandra for approximately 30 days to support the semi-submersible Stena Clyde off Papua New Guinea. Meanwhile, Brunei Shell Petroleum Company Sdn Bhd has awarded AHTS Lady Caroline a 5 month contract for work off Brunei.

The total value of these contracts, excluding options, is approximately 59.2 million (NOK 350 million)," Farstad said in a press release.

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