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.

The vessel will be mobilized from Europe with the mining vehicle “Patania II”, support equipment and containers, before sailing to San Diego (USA). Patania II is a Pre-Prototype remotely operated mining vehicle designed to collect polymetallic nodules in water depths down to 5000m below surface. 

The vessel will work side-by-side with the German Research Vessel Sonne under the JPI Oceans project “Mining Impact II”, to perform an independent scientific assessment of the environmental impacts, generated during the Patania II tests in the Belgian and German License Areas in the Pacific Ocean

For more information of the project, please visit following website: www.deme-group.com/gsr

Skudeneshavn, October 5th, 2018 

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

This information is subject of the disclosure requirements according to the Norwegian Securities Trading Act section §5-12