The Company is very pleased to see the reaffirmed trust placed by a key client within the subsea construction segment, which underlines the Company’s reputation for trust in performance of high end vessels.

Siem Offshore has entered into a contract for an offshore project in GoM, with an undisclosed subsea construction company. The project will utilize the OSCV Siem Spearfish for a scope of work consisting of Subsea and ROV duties, under a minimum duration of 110 days, plus options.

Siem Spearfish will commence its new charter in direct continuation of its current commitment in West Africa, and will as such secure utilization at least into the fourth quarter of 2021.

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