Finance News

Solstad Offshore Seals $60 Million in New Contracts

Solstad Offshore ASA (Solstad) is announcing multiple new contracts and contract extensions, representing around 900 vessel days. The combined value of the contracts is approx. $60 million.

CSV Normand Valiant has been awarded a 1.5-year firm contract with Petrobras in Brazil. Commencement of the contract is scheduled for February 2025 in direct continuation of current contract.

AHTS Normand Sagaris current contract with Petrobras in Brazil has been extended with 120 days until March 2025, when the vessel will start on its earlier announced 3-year contract with the same Client.

The present contract for AHTS Normand Sirius has been extended to August 2025, with an option to extend the contract with another 247 days, while a new 60-day contract has been entered into for the AHTS Normand Saracen. Both vessels will support drilling campaigns offshore Western Australia.

Normand Valiant, Normand Sagaris, Normand Saracen and Normand Sirius renowned by Solstad Maritime Holding AS, in which Solstad Offshore ASA holds 27.3%.

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