Solstad takes delivery of ‘Normand Reach’

June 2, 2014

Solstad Offshore ASA (SOFF) has today taken delivery of “Normand Reach” (CSV) from Vard, Aukra.

The vessel will start on a 5 year firm charter with Reach Subsea ASA with additional 3 x 1 yearly options, with the start scheduled for June 10, 2014.

A long-term facility of NOK 510 million has been drawn from Eksportkreditt Norge AS. The facility is fully guaranteed by Nordea Bank Norge ASA and GIEK.

The vessel has an overall length of 121 meters, 23 meters beam, 1300 square meters of deck, 7,2×7,2m working moonpool and a 250 ton subsea construction crane. The integrated ROV hangar features handling equipment for both over-side and moonpool launch, enabling ROV launch in high sea states. The vessel has accommodation for 100 people and is designed according to the latest environmental standards with focus on comfort and fuel consumption, and complies with DNV’s Clean Design notation.

Solstad Offshore ASA is among the largest offshore-shipping companies in Norway, providing advanced vessels and extensive maritime competence for operations related to the offshore petroleum industry. The company has about 1,800 employees, and operates 47 vessels all over the world. In addition the company has 2 large subsea vessels under
construction. Solstad Offshore is headquartered in Skudeneshavn, Norway and has branch offices in Brazil, Singapore, the Philippines, the United Kingdom and Australia.