Far Senator and Normand Statesman Bareboat arrangements

Normand Chartering AS, as subsidiary of Solstad Offshore ASA has since October 2020 chartered the vessels “Far Senator” and “Normand Statesman” on bareboat terms.

Ocean Yield ASA has exercised its right under the bareboat charters to have the vessels redelivered. The vessels will thus be redelivered to their owner at the end of their current commitments. The redelivery of the vessels will not result in any additional costs for the Solstad group, and will not result in any accounting effects for the Solstad group.

Skudeneshavn, March 14th, 2022

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

Solstad Offshore ASA