What's Happening?
Equinor has exercised its option to extend the contract for two of DOF's platform supply vessels, Skandi Flora and Skandi Mongstad. The extension is effective from October 2025, with an additional one-year extension option available from October 2026. This decision reflects Equinor's ongoing commitment to utilizing these vessels for offshore supply operations, ensuring continuity in service and operational efficiency.
Why It's Important?
The extension of these contracts underscores the importance of reliable offshore supply vessels in supporting Equinor's operations. It highlights the strategic value of maintaining long-term partnerships with vessel providers like DOF, which are crucial for sustaining offshore activities. This move may influence the broader offshore supply vessel market, potentially affecting contract negotiations and operational strategies within the industry.
