Company Disclosure
Update on refinancing process and summons to bondholders’ meeting
Reference is made to the stock exchange communication of Solstad Offshore ASA of October 22nd, 2018.
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Contract for CSV with Ocean Infinity
Solstad Offshore has entered into a contract with Ocean Infinity for one of it’s modern highly fuel efficient 250 ton crane CSV’s. The contract will commence in 3Q 2019 and have a firm duration of 33 months. Ocean infinity will utilize the vessel on their world-wide seabed mapping and survey services.
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PSV contracts awarded by Allseas
Allseas has awarded Solstad Offshore ASA contracts for two PSVs, “Normand Naley” (2011, VS 485) and “Sea Supra” (2014, PX105), for pipe-haul duties.
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Company Disclosure
Sale of vessel – Far Supplier
Farstad Marine AS, a wholly owned subsidiary of Solstad Offshore ASA, has sold the PSV Far Supplier (built 1999, 6.700 BHP). Delivery of the vessel to the new owner took place on Wednesday November 21st, 2018.
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Contracts in Brazil
Solstad Offshore has entered into a contract for the CSV ”Normand Pioneer” (1999, CSV, 286t BP) with “Queiroz Galvão Exploração e Produção S.A in Brazil. The contract has a duration of two years firm and in addition charterer holds two yearly options.
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Company Disclosure
Contract awards by Equinor UK Limited
Equinor UK Limited (“Equinor”) has awarded Solstad Offshore ASA a two-year contract for the Platform Supply Vessel “Normand Skipper” (2005, VS4420 Design).
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Company Disclosure
Presentation of the 3rd quarter results 2018
Solstad Offshore ASA (SOFF) welcomes to presentation of its 3rd quarter 2018 results, Wednesday November 7th 2018 at 09:00 am. The presentation will be held by Lars Peder Solstad and Anders Hall Jomaas.
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Company update – 22.10.2018
Despite signs of an improved market for offshore service vessels and being in compliance with main financial covenants as per 3rd quarter 2018, it is expected that the coming North Sea winter season will be challenging for the Company’s liquidity position.
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Awarded contracts in the UK
Fairfield Betula Limited (“Fairfield”) has awarded Solstad Offshore ASA (“Solstad”) long-term contracts for two Platform Supply Vessels, “Far Symphony” and “Normand Aurora” in the UK Sector, North Sea.
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Company Disclosure
Normand Reach awarded contract with Global Sea Mineral Resources
Solstad Offshore ASA (“Solstad”) has been awarded a contract with Global Sea Mineral Resources NV(GSR), for the CSV Normand Reach. The contract will commence in 4Q 2018 and has a duration of 4-6 months.
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