Eidesvik Offshore Secures Charter Party Contracts with Statoil

Eidesvik Offshore has been awarded a 5 year Charter Party Contract by Statoil for the Platform Supply Vessel (PSV) Viking Avant. The contract has further 3 yearly options for extension.

Statoil has at the same time awarded Eidesvik Shipping AS, a subsidiary of Eidesvik Offshore ASA, a 2 year Charter Party Contract for the PSV Viking Lady. The contract has further 2 yearly options for extension.

"Eidesvik have worked for Statoil for more than 30 years. We are convinced that the outstanding performance of our offshore personnel during all these years has been an important factor in the award of these contracts," said President and CEO Jan Fredrik Meling.

Viking Avant was awarded Ship of the Year in 2004 with its Avant design. Viking Avant is built with bridge and engine aft, contrary to all previously built PSV's. When designing this vessel the main emphasis was put on important criteria such as reduced motions and noise in the superstructure due to location of the bridge, improved quality of onboard working hours for the crew, better quality on off duty time onboard and better light conditions in living and working areas, as all of these are located above main deck.

Viking Lady is Eidesviks' third vessel of Avant design with all the advantages listed above. Further Viking Lady are by international media and specialists claimed to be the world's most environmentally friendly ship. Viking Lady employs a dual-fuel LNG/Diesel electric power plant which reduces NOx emission significantly. The ship has also installed a fuel cell of 320kW output and, like the main engines, is fuelled by LNG. This provides a significant portion of the base load when the ship is stationary.

With the contract of Viking Lady all three Eidesvik vessels of Avant design will be in service for Statoil in different locations on the Norwegian continental shelf.