Eidesvik bags contract extension for LNG-fueled PSV

Norway’s Eidesvik Offshore has secured a contract extension for one of its LNG-powered PSVs.

The vessel in question is the dual-fueled 2013-built Viking Princess.

According to a statement by Eidesvik, current charterer has declared remaining options to extend the contract for the supply vessel.

The contract extension runs from January 2025 in direct continuation of the current contract, extending the firm period to January 2026.

Eidesvik did not provide further details.

In March 2023, Eidesvik won a contract extension from German oil and gas company Wintershall Dea for this LNG-powered vessel.

This contract was an option from the previous deal and lasted until January 2024.

Viking Princess’ contract with Wintershall DEA was extended in the fourth quarter of 2023, extending the firm period for the vessel till January 2025,

As of September 2024, the majority of Wintershall Dea’s former E&P assets and carbon storage licenses have been sold and transferred to Harbour Energy

Eidesvik claims Viking Princess was the world’s first offshore vessel with a battery hybrid energy storage solution replacing a traditional generator.

The 90-meter-long vessel also received a shore power system in November 2021.

It is worth mentioning here that Norwegian energy firm Equinor recently signed a contract with Eidesvik to convert the LNG dual-fuel PSV, Viking Energy, to operate with ammonia fuel.

According to Eidesvik and Equinor, Viking Energy will be the world’s first supply vessel fueled by ammonia.

In July this year, Equinor declared options to extend the contract with Eidesvik for the LNG dual-fuel 2003-built supply vessel.

The contract extension runs from April 2025, extending the firm period to April 2030.

Viking Energy has been in continuous operation for Equinor since its launch in 2003.

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