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News

10 vessels departing for Russia and Africa

Last year three of our vessels spent the summer months up north in Russian waters, while this year the number more than doubles to seven vessels. The fortunate vessels that will explore the Kara Sea are the PSV’s Normand Supra, Normand Surfer, Normand Serenade, Normand Sitella, Sea Spear and the AHTS Far Sigma. CSV Normand Jarl are also setting sail towards Arctic waters, however on a different mission than the other six vessels and further east and south near the Yamal peninsula.

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2019 Kara SeaFO delivery

Company Disclosure

Annual General Meeting 2020 held

On June 26th, 2020 Solstad Offshore ASA held their Annual General Meeting. All proposals were approved according to the distributed agenda.

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Company Disclosure

Contract award for two AHTS’s in Brazil

Solstad Offshore ASA is pleased to announce that the AHTS’s Far Sagaris and Far Statesman, have been awarded a contract with Petróleo Brasileiro S.A. (“Petrobras”) for a period of 3 years firm to support Petrobras’ exploration and production activities on the Brazilian continental shelf.

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Company Disclosure

Contracts for PSV’s in the North Sea

A leading North Sea Operator has awarded Solstad Offshore ASA contracts for two Platform Supply Vessels (PSV) for a period of six months firm plus options.

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Company Disclosure

Proposal from the Nomination Committee in Solstad Offshore ASA

Reference is made to the stock exchange notice dated June 5th including the invitation to the annual general meeting.

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Company Disclosure

Restructuring implementation agreement – update

Reference is made to the stock exchange notice 29 May 2020 where Solstad Offshore ASA (“SOFF””) informed that credit committee approvals have been provided by a vast majority of the secured lenders participating in the restructuring of SOFF and its subsidiaries, and that remaining relevant secured lenders were expected to provide approvals within 5-10 days.

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Company Disclosure

Notice of Annual General Meeting

The Annual General Meeting of Solstad Offshore ASA will be held at the company’s office in Skudeneshavn on Friday June 26th, 2020 at 10:00 am.

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Company Disclosure

Kjetil Ramstad is appointed as new CFO in Solstad Offshore ASA

Mr. Kjetil Ramstad will take up the CFO position as of today, June 2nd 2020. He comes from the position as Finance Director in Solstad Offshore and has worked for the company since 2018. He also brings experience from the position as Finance Director and CFO for the DeepOcean group from 2008 to 2018.

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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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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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