Solstad Farstad, SBM Extend Normand Installer Deal
Solstad Farstad has renewed its frame agreement with SBM Offshore for 2019 and 2020, for the charter of construction support vessel (CSV) Normand Installer.
Under the frame agreement SBM will charter the vessel for at least 114 days of work in 2019 and 105 days in 2020.
The Normand Installer is a deepwater construction vessel and has been on a similar contracts with SBM since the vessel was delivered from the Ulstein yard in 2006.
The 124-meter vessel is owned by Normand Installer SA which is 50/50 owned by SBM Offshore and Solstad Farstad.