Norway: Saipem Charters SOFFs CSV

Solstad Offshore ASA (SOFF) has signed a contract with Saipem Ltd for use of the Construction Service Vessel (CSV) “Normand Oceanic” The duration of the contract is 150 days with commencement end of June 2011.

The commercial terms are confidential between the parties, but are in line with present market level for such vessel.

“Normand Oceanic” is a large CSV, delivered from yard in April 2011. She is specially designed for deepwater operations World Wide. She has a 400t crane suitable for work on water depths down to 3000 meters, DP class 3 and a work deck of more than 2.100 m2.

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Source: Solstad Offshore ASA , June 30, 2011.