Rem Inks Long Term Contract with Peterson for Rem Mermaid

Rem Offshore ASA has entered into a long term contract agreement with Peterson SBS BV for the vessel Rem Mermaid. The vessel was delivered from yard late April this year.

The contract has a fixed duration of three years, with further options of two times one year. Commencement of the contract is November 2008, and the contract has been entered into on market terms.