Rem Offshore Enters Contract with Clough

Rem Offshore ASA has entered into a long term contract with the Australian subsea company Clough on new building 321 at Kleven Yard with delivery June 2008. The contract has a fixed durance of 5 years, with further options of three times one year with commencement upon delivery from the yard. The contract has been entered into on market terms.

The entry of this contract confirms the strategy of Rem Offshore ASA that the MPSV ships will be chartered on long term contracts.