BW unit in three-year fix

BW Offshore has penned a new long-term deal for a vessel with has been intermittently laid-up over the past couple of years.

It says the 8,694-dwt BW Carmen (built 1994) has been hired for a three-year stint in the North Sea’s Athena oil field.

BWO explains the vessel will be upgraded prior to the new deal getting underway, with subsidiary APL providing a submerged turret production buoy.

No financial details have been released for either the contract or the upgrades to the vessel.

Attempts to call Knut Sathre, CFO of BWO, were unsuccessful at the time of writing Monday.

The BW Carmen was laid-up in the fourth quarter of 2008 after completing a short stay with StatoilHydro. It was idle until the fourth quarter of 2009, when it was hired by Shell on another short-term contract which recently came to an end.

Operated by Ithaca Energy, Dyas and Zeus Petroleum, the Athena field will begin operations in the middle of next year.

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