GEOS: Energy Swan secures two new charter contracts and September commercial update
2026-10-02 07:55:00
Ålesund, 2 October 2026
Golden Energy Offshore Services ASA ("GEOS" or the "Company") is pleased to
announce that two new charter contracts have been concluded for the large PSV
Energy Swan with two different first-class international charterers.
The first contract comprises a firm period of approximately one month, with
additional options, and is scheduled to commence during October 2026.
The second contract provides employment on the Norwegian Continental Shelf for
an estimated firm period of 290 days, with options for a further approximately
500 days. Commencement is expected in January 2027.
The two contracts represent a combined estimated firm contract value of
approximately USD 8.7 million. If all options are exercised, their total
estimated contract value would increase to approximately USD 23.5 million.
With reference to the Company's announcement dated 10 September 2026, and after
deducting revenue earned during September, the combined estimated remaining firm
contract backlog for Energy Pace, Energy Paradise and Energy Swan is
approximately USD 17.9 million as at 1 October 2026. If all remaining options
under these contracts are exercised, the total estimated remaining contract
value would increase to approximately USD 42.2 million.
The new contracts significantly strengthen the Company's forward contract
coverage and earnings visibility. The long-term employment secured for Energy
Swan reflects the vessel's capabilities and the confidence charterers place in
the Company's operational quality and service delivery.
Commercial Update - GEOS Fleet September 2026
For September 2026, the fleet achieved an average working dayrate of USD 24,464
and fleet utilization of 94.3%.
All USD amounts are approximate. The backlog figures have been adjusted for
September revenue using exchange rates as at 30 September 2026.
For further information, please contact:
Per Ivar Fagervoll
CEO
Email: pif@geoff.no
Phone: +47 974 28 884
gervoll\
CEO\
Email: pif@geoff.no\
Phone: +47 974 28 884\