Multiple PSV and AHTS contracts
Solstad Offshore ASA ("Solstad") is pleased to announce awards of contracts
involving the PSV's Normand Tantalus, Normand Serenade, Normand Springer and
Normand Arctic. The contracts have a combined firm duration of ca 500 days, with
additional options thereafter. The contracts commence during Q2/Q3 2022 and are
concluded with key operators in both UK and Norway.
Solstad is also pleased to announce awards of multiple project contracts
involving several of its anchor handlers (AHTS) currently trading the North Sea
spot market. The contracts have a combined firm utilization of 350 days, with
additional options thereafter. Commencement is during Q2 and Q3 2022 in the
North Sea, US Gulf and West Africa.
The combined value of the firm period of the contracts is NOK 230 mill.
The market for offshore vessels continues to improve with strong demand from oil
& gas, in addition to an increasing demand from renewable energy activity.
Skudeneshavn, April 19th, 2022
Lars Peder Solstad CEO, at +47 91 31 85 85
Kjetil Ramstad CFO, at +47 90 75 94 89
Solstad Offshore ASA