Norway: Solstad Offshore Wins Contracts for Three Vessels

Solstad Offshore ASA (SOFF) has been awarded contracts for Normand Aurora, Normand Draupne and Normand Corona.

Total E&P UK Limited and Elf Exploration UK Limited for hire of the platform supply vessel (PSV) “Normand Aurora”. The duration of the contract is firm for 5 years with further 2 x 1 year options with commencement April 2012.

EDT Offshore Egypt S.A.E for hire of Stand-By vessel “Normand Draupne ”. The duration of the contract is firm for 1 year with further 1 year option with commencement April 2012.

Statoil Petroleum AS for hire of the platform supply vessel (PSV) “Normand Corona”. The duration of the contract is firm for 6 months with further 2 x 6 months option with commencement April 2012

Total value for the firm part of the contracts is approx NOK 380 mill (approx USD 65.46 mill)

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Source: Solstad Offshore, April 11, 2012