Solstad Enters New Charter Contract for AHTS Normand Drott

Solstad Offshore ASA (SOFF) has entered into a new long term contract with Petrobras for the AHTS “Normand Drott”.

The new contract will commence in November 2013 after a scheduled drydocking. The duration of the contract is 4 years firm and has a value of about NOK 330 million (approx. USD 55.9 million).

Solstad Offshore has 9 vessels in operation in Brazilian waters, including Normand Drott that has been working for Petrobras since 2009.

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SOFF, September 16, 2013