Norwegian shipping company Olympic has been awarded a contract extension for one if its vessels from the French engineering and construction company, Technip.

The shipping company said on Friday that the contract for the subsea/offshore construction vessel Olympic Challenger was extended with two months until October 2016.

Technip declared their second annual option for the Olympic Challenger in March 2015 which gave the vessel firm work until August 2016.

The Olympic Challenger is an ROV support vessel of an Aker ROV 02 CD design built in 2008. According to Olympic, the vessel is environmental friendly with focus on low fuel consumption.

In addition to the extension with Technip, Olympic has contracted its inspection, maintenance and repair vessel Olympic Delta to an international client to be employed within renewable energy.

The contract will start in August with a fixed period of 120 days plus options potentially extending the period to more than 200 days.