Golden Energy secures new contracts for two offshore service vessels

Golden Energy Offshore Services ASA (GEOS) announced on October 14, 2025, it has secured two new term contracts for two PX121-design platform supply vessels (PSVs) with an international charterer. These contracts are reported to be at market levels for this vessel type, significantly enhancing the company's utilization and revenue prospects.

The first contract, for a PX121 vessel, is set to commence in January 2026 with a duration of 120 days plus options. The second contract, also for a PX121 vessel, will begin earlier, in December 2025, and has a longer duration of 210 days plus options.

These agreements collectively add over $6 million to the company's backlog, ensuring a substantial portion of future utilization. Per Ivar Fagervoll, chief executive, is listed as the contact for further information.