TransAtlantic sign contract with Statoil for the ATHS vessel Loke Viking

The AHTS vessel Loke Viking (19,040 BHP - built 2010) has been awarded a
contract by Statoil for operations in the Barents Sea. The vessel will support
the drilling campaign for a number of wells, starting November 2010. The charter
period is for three wells firm (about 60-75 days for each well) with Statoils
options for more wells. The first well will be on the Skrugard block, located
between Bjornoya and the Snow White field. The drilling rig used will be the
Polar Pioneer. Apart from our extensive experience of working in harsh weather
and Arctic climate the Deicing, standby and oil recovery features of the Loke
Viking have been important features when Statoil has been selecting vessel that
will be taking part in the Barents Sea campaign.
 
The contract with Statoil is likely to be in direct continuation from her
current contract off WC Greenland. This will be the second Charter contract for
the vessel after her delivery from the Zamakona Shipyard in May this year. The
Support base used for logistic support under this contract will be will be
Hammerfest in Northern Norway.
 
For further information, please contact Acting President Stefan Eliasson, tel:
+46 (0)304 - 67 47 00
 
Rederi AB Transatlantic is a leading Swedish shipping company. Operations are
organized into two business areas: Offshore/Icebreaking and Industrial Shipping.
Ships fleet consists of 39 vessels, three anchor handling vessels in order to be
delivered 2010-2011, and ships chartered for shorter periods. The company has
about
1 100 employees.  Its shares are listed on the NASDAQ OMX Stockholm Small Cap
segment.
 
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Press release (PDF): http://hugin.info/135816/R/1430993/377532.pdf
 
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Source: Rederi AB Transatlantic via Thomson Reuters ONE