SOFF Bags Contract for Nor Captain (Norway)

Solstad Offshore ASA (SOFF) has been awarded a contract with a consortium in Indonesia led by Mitra / Titan Resources for the “Nor Captain”.

The duration of the contract is approximately 8 months firm and with a further 18 months options. The new contract commences immediately. Total value of the firm contract is approximatly USD 4,5 million.

SOFF’s activities are aimed 100% towards the offshore petroleum industry. Most of the fleet of vessels is equipped to carry out projects well above the traditional supply and anchor handling services. The Company has expanded and modernized its tonnage of Anchor Handling vessels (AHTS), particularly for use in deep waters.

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Press Release, September 06, 2012