Medium-term contracts for multiple vessels

Solstad Offshore ASA has entered into medium-term contracts for six of its vessels for a period of 80 to 170 days each with undisclosed Clients. Commencement will be around 1st July and the operation are outside the North Sea.

The nominated vessels are the PSVs Normand Supra, Normand Surfer, Normand Serenade, Normand Sitella and Sea Spear, in addition to the AHTS Far Sigma.

The contracts will significantly reduce the company’s North Sea spot market exposure in 2020.

Skudeneshavn, May 4th, 2020

Lars Peder Solstad CEO, at +47 91 31 85 85
Anders Hall Jomaas CFO, at +47 40 04 29 18

Solstad Offshore ASA