Prosafe has received a Notice of Award for a minimum nine-month contract by Shell Philippines Exploration B.V. (‘SPEX’) using the Safe Astoria for accommodation support at the Malampaya Phase 3 Depletion Compression Project offshore Philippines.
On site operations are planned to commence within Q2/Q3 2014. In addition, Prosafe has granted SPEX three additional one-month options.
Prosafe has provided SPEX the ability to alternatively choose a structure with 11-month firm period plus options, or 12-month firm period plus options.
Total value of the firm period will be between USD 58.1 million and USD 70.5 million depending on which alternative is selected.
Tags:
Unlock Exclusive Insights Today!
Join the gCaptain Club for curated content, insider opinions, and vibrant community discussions.
By Julian Lee (Bloomberg) Moscow’s use of the tankers sanctioned for their involvement in the Russian oil trade is accelerating, with close to one-third of the blacklisted vessels back at work....
Norway’s world-leading test center, METCentre, has signed contracts with three companies to test innovative floating offshore wind technology, hoping to reduce costs and advance the development in the nascent renewables...
By Gautam Naik (Bloomberg) After fearing the worst from Hurricane Milton, investors in catastrophe bonds appear to have sustained losses well below those predicted as recently as Wednesday. Estimates that had...
October 10, 2024
Total Views: 561
Why Join the gCaptain Club?
Access exclusive insights, engage in vibrant discussions, and gain perspectives from our CEO.
This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.