Australian charter: Otto has secured a contract to supply an OSV for up to 10 years at a gas field off Australia
02 March 2016 02:38 GMT
The contract with the unnamed client is worth A$47.4 million over an initial five-year period but also contains for an additional five-year extension.
Otto will supply a 100-tonne bollard pull OSV for the charter which will supply floating production, storage and offloading infield support for a gas field off Australia.
“We are delighted to have secured this chartering contract,” Otto chief executive Michael See said.
“The client is a world renowned E&P company and we are pleased to establish a working relationship with them.”
The chartering contract is scheduled to start in May next year.
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