Normand Jarstein subsea vessel

Solstad secures work for subsea trio

Oslo-listed shipowner Solstad Offshore has secured four contract awards for three of its subsea construction vessels (SCVs).

Courtesy: Solstad Offshore

Normand Energy will support a project for a client in the Pacific Ocean with an estimated duration of 5 months, including mobilisation and de-mobilisation.

Solstad said, the contract should commence during February 2021.

Far Samson has secured a contract for support off cable lay operations. This deal is firm for 90 days with options for the remainder of 2021.

The contract will start in April/May this year.

Finally, Normand Jarstein has secured a contract with a Norwegian subsea contractor for a project in West Africa. The commencement will be January 2021 and the duration are two months firm plus one-month option.

In addition, Normand Jarstein has won a contract with an undisclosed UK based oil company. Contract duration is approximately 2 months firm. According to Solstad, the commencement of work will be second half May 2021.

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Also, the two contracts for the CSV Normand Jarstein will be performed ahead of the previously announced work with Ørsted at the Hornsea 2 wind farm, and as such the vessel will be fully utilised through 2021.

Solstad Offshore has not disclosed the financial details surrounding the above mentioned contracts.