Norway’s Solstad Offshore has been awarded two new contracts by Petrobras for hire of the PSV’s “Normand Vibran” and “Normand Trym”.
The duration of the new contracts are 4 years each. Petrobras have options to extend the contracts with further 4 years, but at a rate to be agreed.
In addition, the present contracts the vessels have with Petrobras, will be extended with about 120 days each. Giving a total new firm contractperiod of 4 years and 4 months per vessel.
The combined value of the contracts is approximately $87 million.