Siem Offshore has entered into a new three-year contract for the OSCV Siem Stingray with Subsea7 as charterer. The contract will commence in direct continuation of its current commitment, securing further firm utilization of 3 years. Subsea7 intends to employ the vessel supporting its clients world-wide predominantly within the Oil and Gas Sector undertaking projects within Offshore Construction and Inspection, Maintenance and Repair (IMR).