Solstad secures 1,000 vessel days with new deals and extensions

Norwegian offshore vessel owner Solstad Offshore has secured multiple new medium-term contracts and contract extensions for its vessels.

The total firm duration of the contracts is approximately 1,000 vessel days and there are options to extend the contracts further, Solstad said on Wednesday.

The PSV Normand Leader has been contracted to support a project offshore Australia. The contract is scheduled to start in 3Q 2021 and gives utilization for the vessel throughout 2021.

Charterers of PSV Normand Tortuga have declared options to extend the present contract until the end of 2021. The vessel operates in New Zealand and last year it supported OMV’s drilling campaign at the Maui A Platform.

The PSV Normand Swift has been contracted to support Shell Brasil Ltda. The contract is scheduled to start in 4Q 2021. In December 2020, the vessel received a call-off for a period of three months from ExxonMobil in Brazil.

PSVs Normand Sitella, Sea Spear, and Sea Spark have been contracted to support a seasonal drilling campaign outside the North Sea. The start date will be in July 2021.

Charterers of PSVs Normand Serenade and Normand Arctic have extended the vessels to 4Q 2021. Both vessels operate in Norway.

Solstad’s anchor handlers currently trading the North Sea spot market have been awarded multiple project contracts in 3Q and 4Q 2021.