Supplying energy
markets. Worldwide.

Company Disclosure

Restructuring implementation agreement – update

Reference is made to the stock exchange notice 8 May 2020 where Solstad Offshore ASA (the “Company”) and its subsidiaries (“SOFF” or the “Group”) informed that it had agreed a Restructuring Implementation Agreement (the “RIA”) for a restructuring of the Group (the “Restructuring”).

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SOFF Flag (2)

Company Disclosure

Bondholder meetings

Reference is made to the stock exchange notice on 14 May 2020 in which it was advised that bondholder meetings were summoned for 29 May 2020 for the SOFF 04 (ISIN NO 0010713548) and the Solship Invest 1 AS bond issues (ISIN 0010779945).

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Company Disclosure

Financial report for the 1st quarter 2020

The Company’s revenue in 2020 is expected to be negatively affected by the COVID-19 pandemic and sharp decline in the oil price.

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Quarterly Report 1 2020

Company Disclosure

Annual Report 2019

Please find attached the Annual Report 2019 for Solstad Offshore ASA (“The Company”). The Annual Report is also available from the company’s web site www.solstad.com.

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Annual Report 2019

News

Far Swan wins again

Far Swan has yet again being awarded and emerged as the winner of the Qatargas vessel of the Quarter for first quarter of 2020. This is the 2nd achievement, as she received the same award in 2Q of 2019, for this charter.

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Far Swan1

Over a decade with
sustainability awareness.

We acknowledged the climate challenge, and our contribution to it, many years ago. With the successful Solstad Green Operations program, we have a head start on many of our competitors when it comes to improving our carbon footprint.

Vision and values

Our vision is to further enhance our reputation as a reliable world-leading offshore shipping company acknowledged as a supplier of excellence by our people, clients and other stakeholders. We aim to achieve this by delivering high quality services every single day.

Covid-19

Solstad with a foot-print in all global regions, is following the advice given by government and health authorities during the COVID-19 pandemic in all areas of its operations.