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Golden Energy Offshore Services extends Energy Paradise PSV contract

Golden Energy Offshore Services has secured about 100 additional days for Energy Paradise after Peterson exercised a well option worth approximately $3.4 million.
Photo source: Golden Energy Offshores

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Golden Energy Offshore Services has secured an additional operating period for Energy Paradise after Peterson exercised another well option for the PSV.

The new commitment is expected to run for about 100 days and has an estimated contract value of approximately $3.4 million.

Energy Paradise is already working under the existing well programme, which is expected to conclude around mid-October 2026. The newly exercised option will follow directly after that work.

The extension provides firm employment for Energy Paradise until around the end of January or early February 2027.

Peterson continues to hold one further well option for the vessel. Its potential contract value is estimated at approximately $2.5 million.

Golden Energy Offshore Services also reported that the firm commitments for Energy Paradise and Energy Pace, whose contract was announced on 29 July 2026, represent a combined estimated value of approximately $10.3 million.

Including the remaining options for both vessels, the total potential contract value is approximately $19.8 million.

The company also reported an average fleet TCE of $21,024 per day for August 2026, while fleet utilisation stood at 93.7%.

The stated dollar values reflect the exchange rates applicable at the time.

Editorial Note:
This article was prepared with the assistance of AI tools to enhance clarity and efficiency.
All information has been reviewed and verified by the HMT News editor.
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