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Bhagwan is pleased to announce it has been awarded a five-year contract, with an option to extend for up to three years, by Jadestone Energy. 

This new contract extends the current services provided to Jadestone Energy since February 2025 and will commence on (XX November 2025). The award aligns with Bhagwan’s focus on its market penetration within the offshore energy sector and capturing growing demand for larger vessels.

The Coral Knight is a 60.5-metre Anchor Handling Tug Supply (AHTS) vessel acquired in early 2025, strengthening Bhagwan’s capabilities in the Australian offshore sector. Since commencing work earlier this year, the vessel has supported operations at the Montara Field, located offshore Western Australia, including cargo and fuel supply, offtake support, and rig support services.

Bhagwan Marine has secured a five-year contract with Jadestone Energy for its vessel, the Coral Knight. The contract is valued at circa AUD $15 million annually; begins immediately and continues the services Bhagwan has provided since February 2025. The contract supports Bhagwan’s strategy to expand its presence in the offshore energy sector and meet increasing demand for larger vessels.