Ålesund, Norway, January 10 2024

For December 2023, Golden Energy Offshore Services AS (GEOS) achieved time
charter equivalent earnings of approximately USD 18 400 per day for the 6
vessels in operation. Fleet utilization was 88.7% .

GEOS had six PSVs in the market during December 2023. All vessels from the Vroon
acquisition have now been delivered and are sailing under GEOS ownership. 
Energy Partner was ready for the market after delivery to GEOS on December 12th
2023 and went directly on charter which lasted throughout December and into
January 2024.
Energy Pace was delivered to GEOS just before Christmas and relocated to North
Sea with arrival in Aberdeen January 2024.

Despite the usual slow period in the North Sea spot market, we have rarely seen
so much requirement and tender activity as experienced over the last months.
There is significant demand from several regions for medium to long term
employment, and day rates for term business continues to climb.

For further information, please contact:

Per Ivar Fagervoll
CEO
Email pif@geoff.no
Phone +47 97428884

Click here for more information

© Oslo Bors ASA, source Oslo Stock Exchange