Normand Installer CSV to stay with SBM until the end of 2020

  • Business & Finance

Norwegian offshore shipping company Solstad Farstad has renewed its frame agreement with SBM Offshore for the charter of the construction support vessel (CSV) Normand Installer.

Normand Installer; Source: Flickr/Author: Ronnie Robertson – under the CC BY-SA 2.0 license

Solstad Farstad said in an Oslo Bors filing on Wednesday that the charter for the vessel was extended for 2019 and 2020.

Namely, SBM will charter the Normand Installer for at least 114 days of work in 2019 and 105 days in 2020. The CSV has been on a similar contract with SBM since the vessel was delivered from the yard in 2006.

It is worth noting that the Normand Installer is owned by Normand Installer SA, a joint venture owned by Solstad Farstad and SBM Offshore with a 50.1% and 49.9% percent interest, respectively.

The 123,65 meter-long and 28 meter-wide offshore construction vessel was built by Ulstein Verft.

In recent news regarding the vessel, Hurricane Energy used the Normand Installer to install the turret mooring system, including the newly-constructed buoy for the Aoka Mizu FPSO, at the Lancaster field offshore the UK.

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