Eidesvik locks in 290-day PSV deal as offshore market rebounds
Norwegian owner secures firm charter for 6,200 dwt LNG-fuelled PSV Viking Queen starting early 2027
Norwegian offshore vessel operator Eidesvik Offshore has secured a new long-term contract for its platform supply vessel Viking Queen, removing the ship from the spot market for a drilling campaign set to begin in early 2025. The agreement covers operations for a single well with a fixed duration of approximately 290 days, though the company has not disclosed the client’s identity.
The Viking Queen, constructed in 2008, is a 6,200 deadweight tonne (dwt) platform supply vessel powered by a dual-fuel LNG system. The 92-metre ship features 1,000 square metres of deck space and a 652 kWh battery system, aligning with industry demands for more sustainable offshore operations. The vessel had been operating in the spot market since October 2025, following the conclusion of its previous contract with Harbour Energy.
Vessel specifications and market positioning: Eidesvik
Eidesvik’s CEO, Helga Cotgrove, expressed satisfaction with the new agreement, stating:
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“We are very pleased to announce this contract in a positive market.”
Helga Cotgrove·Chief Executive, Eidesvik Offshore
Broader fleet developments
The contract for the Viking Queen follows a series of strategic moves by Eidesvik to strengthen its fleet. In June, the company secured a four-year framework agreement with Aker BP, which includes two additional two-year extension options, alongside a three-year firm charter for the PSV Viking Prince. Meanwhile, Equinor exercised its remaining options on the Viking Avant, extending its employment through the end of 2025.
Eidesvik has also been reshaping its fleet composition. Earlier this summer, the company sold its jointly owned inspection, maintenance, and repair (IMR) vessel Viking Reach to Greek contractor Asso.subsea, while adding two new construction support vessels through partnerships with Reach Subsea. At the end of the second quarter, the company reported a contract backlog of approximately NOK 2.9 billion, reflecting its focus on securing long-term opportunities for its available tonnage.
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