Floatel International to Provide Acommodation Vessel for Total

Total E&P Norge AS has awarded a contract to Floatel International for provision of an accommodation and construction support vessel for the Martin Linge Field Development project, offshore Norway.

Martin Linge field is located on the Norwegian Continental Shelf, approximately 180 kilometers west of Bergen, Norway, in a water depth of 115 meters.

The charter period will commence mid 2016 with a firm hire period of eight months. Total has options to extend the contract.

Statoil has exercised five months charter extension under the present contract for Floatel Superior. This charter extension will commence first quarter 2015. Statoil have further options to extend this contract.

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Press Release, March 22, 2013