Charter Agreement

27.06.2017 15:38

Statoil Petroleum AS has awarded SolstadFarstad a 5 years 
contract to support the Statoil PSV pool at the Norwegian 
Continental Shelf utilizing the PSV Far Searcher (2008, UT 
751 E, 5,127 DWT). Commencement of the contract will take 
place in September 2017. Statoil has option to extend the 
contract by additional 5 x 1 year.

As part of the contract an Energy Storage System will be 
installed, and the ship will be awarded class 
notation "Battery Power" by DNV-GL.

Far Searcher will by this contract award be the second 
vessel in the SolstadFarstad fleet on long term contract 
with Statoil with "Battery Power" notation.

The commercial terms of the agreement will be kept private 
and confidential between the parties.

Lars Peder Solstad, CEO at +47 913 18 585 or
Sven Stakkestad, Deputy CEO at +47 905 15 802.

Skudeneshavn, 27 June 2017
SolstadFarstad ASA

This information is subject of the disclosure requirements 
acc. to §5-12 vphl (Norwegian Securities Trading Act)