Contract awards for CSVs

Solstad Offshore ASA (“Solstad”) is pleased to announce awards of multiple contracts involving several of its subsea vessels (CSV).

The contracts have a combined firm utilization of 640 days, with additional options thereafter, on projects in the North Sea, Brazil and West Africa.

The contracts, that have a combined value of approximately NOK 400 million, including additional services, will be executed during 2022 by Solstads CSVs Normand Maximus, Normand Frontier, Normand Pioneer and Normand Navigator.

The marked for subsea construction vessel continue to improve with strong demand from both renewable energy and oil & gas activity.

Skudeneshavn, February 4th, 2022

Lars Peder Solstad CEO, at +47 91 31 85 85
Kjetil Ramstad CFO, at +47 90 75 94 89

Solstad Offshore ASA