EIOF - Eidesvik Offshore awarded ship management agreement for Viking Neptun

EIOF - Eidesvik Offshore awarded ship management agreement for Viking Neptun

11 Aug 2022 09:46 CEST

Eidesvik Offshore ASA ("Eidesvik") has signed a ship management agreement (the
"Agreement") with DEME for the Construction Support Vessel Viking Neptun.

The Agreement has been awarded for two years, under which Eidesvik will provide
full technical management, crewing and operation of the vessel.

Viking Neptun was built for Eidesvik in 2015. As announced in the stock exchange
release of January 12, 2022, Eidesvik entered into a Memorandum of Agreement
("MoA") with DEME for the sale of the vessel. The MoA is expected to complete in
the 4th Quarter of 2022, post completion of the ongoing contract with Havfram.
The Agreement will commence when Viking Neptun is delivered to DEME.

Gitte Gard Talmo, President & CEO of Eidesvik Offshore ASA commented:
"We are very pleased with the confidence DEME is showing us and are confident
that our skilled crews offshore and onshore will continue to deliver high
quality services and operations".

Koen Vanderbeke, Strategic Operations Director at DEME, commented:

"Eidesvik has a strong track record for safe and reliable shipping operations.
DEME's strategy is to deploy the most versatile, sustainable and high-tech fleet
in the industry and we have great confidence in Eidesvik's ability to ensure
optimal operation of this advanced vessel. The deployment of Viking Neptun
ensures that we are ready to serve our client's needs now and in the future, and
that we take a proactive role in further facilitating the energy transition.

Bømlo, August 11, 2022

Contacts:
CEO Gitte Gard Talmo (+ 47 91 52 32 45)
Interim CFO Lars Tufteland Engelsen (+47 47 63 40 45)

This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.

More information:
Access the news on Oslo Bors NewsWeb site

Source

Eidesvik Offshore ASA

Provider

Oslo Børs Newspoint