Offshore News – Solstad Offshore sells 3 units and secures North Sea Work – 03.02.2022

Norwegian offshore vessel owner Solstad Offshore has sold three of her anchor handling tug and supply (AHTS) vessels and secured new contracts for platform suppliers in the North Sea Sector.

The sold vessels are the 2007 built 70 metre NOR CAPTAIN owned by Solstad Offshore Singapore, the 2006 built 78 metre FAR SWORD and her sister FAR STREAM both owned by Farstad Supply. Delivery of the vessels to the new owner took place on 3rd February 2022. The sale of the vessels will result in an immaterial accounting effect.

Meanwhile Solstad will deploy the 2016 built 178 metre NORMAND MAXIMUS; 2014 built 121 metre NORMAND FRONTIER; 1999 built 95 metre NORMAND PIONEER and the 2015 built 143 metre NORMAND NAVIGATOR to execute the contracts for projects in the North Sea, Brazil and West Africa during 2022.

As disclosed, the scope of work will keep vessels utilised for a firm period of 640 days, with additional options thereafter.

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Published – Wednesday 9th February ,2022.