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Siem Offshore secures Capricorn and Hess charters

posted by www.equatorialguineaonline.com – September 11th, 2013

Siem Offshore and Capricorn Exploration and Development Company Limited & Nautical Petroleum Limited have entered into a contract for the AHTS vessel Siem Aquamarine for operations offshore Morocco.

The charter contract is a firm period of four wells and charterer has an option to extend the charter contract for 4 additional wells.

Siem Offshore and Hess Equatorial Guinea INC have entered into a contract for the PSV Sophie Siem for operations offshore Equatorial Guinea. The charter contract is for a firm period of 18 months and Hess has an option to extend the charter contract by 2 x 3 months.

The contracts commence in the third quarter 2013 and the gross value for the firm period of the two contracts is US$23 million.