Solstad, Petrobras Ink Normand Drott Charter Contract

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 mill.

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

[mappress]

Press Release, September 13, 2013