SIEM CONTRACTS FOR FIVE VESSELS FOR DRILLING CAMPAIGN WEST OF GREENLAND

Siem Offshore and Capricorn Greenland Exploration 1 Ltd. have agreed contracts for three PSVs and two AHTS vessels for the Operator’s 2011 exploration campaign West of Greenland during the Summer Drilling Campaign 2011.
The PSVs Siem Louisa, Siem Danis and Sophie Siem, shall perform regular supply duties. The AHTS vessels Siem Topaz and Siem Aquamarine shall perform Ice Management, ROV and supply duties.
The contracts are for a period from April to October 2011 for all vessels.
The five vessels shall support the Drillship Ocean-Rig 'Corcovado' and the Semi-submersible drilling unit 'Leiv Eiriksson'.
Capricorn Greenland Exploration 1 Ltd. based in Edinburgh, Scotland, is a subsidiary of Cairn Energy PLC UK.
The contract is done at market conditions and strengthens Siem Offshore's position as a leading Arctic offshore support vessel operator.
Source: SIEM Offshore