Farstad Shipping has been awarded a 3 year contract with further up to 3 years options for CSV Far Sentinel by Subtec S.A. de C.V. for delivery of light construction work, IMR and other subsea related activities in the Gulf of Mexico.
Far Sentinel is of VARD 3 07 design, has an overall length of 142.6 meters, beam of 25 meters and a deck area of 1,800 m².
“This is an important and significant contract for Farstad Shipping. It proves that even in a very challenging market, we are able to conclude long-term contracts for our vessels. This contract secures valuable competence and activity for our employees,” says CEO Karl-Johan Bakken.
“By this, we have now signed important contracts for both our subsea new buildings delivered in 2015. We hereby confirm Farstad Shipping’s strong position into the subsea market, which is vital for us in the time ahead,” Bakken adds.
The start-up of the contract will be within December 2015.
The commercial terms of the Agreement will be kept private and confidential between the parties, the company said.