TechnipFMC extends Solstad Farstad deal
- Business & Finance
Shipping company Solstad Farstad and oilfield services provider TechnipFMC have extended the frame agreement covering the provision of vessels for ploughing and trenching operations.
Solstad Farstad said on Monday that the contract with Technip FMC was extended for one year.
The frame agreement is now valid until December 31, 2019.
Hans Knut Skår, EVP of Subsea Constructions & Renewables of Solstad Farstad, said: “We have been working closely with TechnipFMC since 1997 and are excited that they once again have trusted us to continue the delivery of high powered vessels to support their ploughing and trenching operations.”
The initial deal for the supply of vessels for trenching, construction, and subsea services was signed between Solstad Offshore and Technip in 2016, prior to mergers of Solstad Offshore, Farstad Shipping, Deep Sea Supply, and REM Offshore as well as Technip with FMC Technologies and respective name changes.
The frame agreement was valid for 2016 – 2018 and through the agreement Technip could utilize Solstad Offshore’s two construction support vessels (CSVs), Normand Progress and Normand Pioneer, and two anchor handling tug and supply vessels (AHTS) Normand Ranger and Normand Mariner.
Under the agreement, Solstad Offshore was Technip’s supplier of tonnage for trenching and subsea construction work.
Offshore Energy Today Staff