Norway: Solstad Secures Several Charters

Norway’s Solstad Offshore has signed multiple charter agreements for five of its vessels.

Fugro Subsea Services has hired «Normand Tonjer»  for 200 days firm and the contract is expected to start in March 2012.

«Normand Mermaid» vessel has been hired by Fugro Geosciences International Ltd for 180 days firm period. Commencement of contract  is also scheduled for March 2012.

Furthermore, Solstad’s  «NOR Tigerfish» has been contracted to Allied Support Corp. for 120 days firm period with option for an additional 67 days, the contract again beginning in March.

 «Normand Flower» has been chartered to Visser & Smit Marine Contracting BV, for 185 days firm with additional 100 days options.

In addition, Global Industries Offshore L.L.C (Technip) have exersised their second (of a total of five) yearly options for the Normand Commander. The contract begins in June.

The value of the firm part of the contracts nominated in NOK is approximately NOK 225 million (USD 40.3 million)

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Offshore Energy Today Staff, February 27, 2012; Image: Solstad