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ENERGY & OFFSHORE | Staff Reporter, Singapore

Otto Marine clinches AUD94.8m OSV chartering deal

The chartering period is confirmed for five years.

Mainboard-listed offshore chartering group Otto Marine has been awarded a chartering contract worth up to AUD94.8 million.

The chartering period is confirmed for 5 years from May 2017 with the option for another 5 years The confirmed contract value is AUD47.4 million for the initial 5 years and AUD94.8 million including the option, Otto Marine said in a news release.

 The vessel under the charter will be a 100-tonne Bollard Pull Offshore Support Vessel, for FPSO infield support in the gas field of 40-year life in Australia.

The client is a renowned international oil and gas exploration and production company, Otto Marine said.

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