Rem Offshore Secures Charter Contract for New OSCV Vessel (Norway)

Rem Offshore ASA has entered into a long term contract agreement with an international subsea company for an OSCV vessel. The vessel is of MT 6022 design. The vessel will be delivered from Kleven Verft AS in 1st quarter 2014.

The firm contract period is approx 8 years, with a further 5 yearly options. Commencement of contract is after delivery from yard. The firm period of the contract has a total value of approx NOK 1 billion.