News and media

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.

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.

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.

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.

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.

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”).

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).

Company Disclosure

Financial report for the 1st quarter 2020

The Company’s revenue in 2020 is expected to be negatively affected by the COVID-19 pandemic and sharp decline in the oil price.

Company Disclosure

Annual Report 2019

Please find attached the Annual Report 2019 for Solstad Offshore ASA (“The Company”). The Annual Report is also available from the company’s web site www.solstad.com.

WIS Ambassador

Monica Menezes

She has inspired many with her story “Journey to the top” in becoming our first female Captain in the Brazilian fleet, which she held at our first Global Women in Solstad Conference in 2021.

Monica graduated with a degree in Nautical Science and holds a Postgraduate degree in Oil&Gas Business, Finance and Private Banking.