Standard Drilling secures three PSV contracts

Image: lambert
Image: lambert – Standard Princess

Standard Drilling recently secured new contracts for three of its platform supply vessels (PSVs).

Standard Princess (pictured) and Standard Supplier have each been awarded a firm 185-day contract with an unnamed client.

Standard Princess’ contract is in direct continuation of a current contract set to be completed on April 1, 2019, whereas that of Standard Supplier is a recommencement of a previous contract that will start in either the end of March or the beginning of April 2019. The total option period for each vessel will be 14 weeks with a mix of monthly, weekly, and daily options.

Meanwhile, Standard Provider has been awarded a firm one-well contract of 90 to 100 days with Ithaca Energy with commencement between April 4 and May 4. Included is a one-well option, estimated at 70 days at increased rate.

Baird Maritime

The best maritime site on the web. The sea's our scene!