Siem Offshore Announces Two Charter Contracts (Norway)

Siem Offshore and Capricorn Exploration and Development Company Limited & Nautical Petroleum Limited have entered into a contract for the AHTS vessel “Siem Aquamarine” for operations offshore Morocco.
The charter contract is a firm period of 4 wells and Charterer has an option to extend the charter contract for 4 additional wells.
Siem Offshore and Hess Equatorial Guinea INC have entered into a contract for the PSV “Sophie Siem” for operations offshore Equatorial Guinea. The charter contract is for a firm period of 18 months and Hess has an option to extend the charter contract by 2 x 3 months.
The contracts have commencement in third quarter 2013 and the gross value for the firm period of the two contracts is USD 23 million.

Siem Offshore, September 10, 2013