Solstad Offshore awarded multiple contracts worth $72.1m

Norway´s Solstad Offshore (Solstad) has been awarded multiple contracts from undisclosed clients in the offshore energy markets with a combined duration of approximately 600 days (inclusive of mobilization and demobilization).

The gross value of the contracts is around NOK 800m ($72.1m).

The offshore specialist won contracts for the CSV “Normand Baltic”, CSV “Normand Australis”, CSV “Normand Sentinel”, and AHTS “Normand Prosper.”

All these vessels are owned by Solstad Maritime AS, in which Solstad Offshore ASA currently holds 31,6 %.

CSV “Normand Baltic” has been awarded a minimum 70 days firm contract for providing cable repair support on an offshore wind project in Asia, with commencement in the second quarter of 2024, in direct continuation of present charter.

Additionally, ”Normand Baltic” has secured a further 150 days firm contract, with commencement in the first quarter of 2025, for “Walk to Work” and WROV services on another offshore wind project in Asia.

CSV “Normand Australis” has been awarded a 90 days firm contract for installation support on an offshore wind project in Asia, including WROV and survey services, with commencement in the second quarter of 2024.

CSV “Normand Sentinel” has been awarded a contract for 190 days firm for subsea construction work in West Africa. The contract includes WROV and survey services, commencement is in the second quarter of 2024.

AHTS “Normand Prosper” has been awarded a contract for an FPSO installation project in West Africa. Duration of this project is estimated to around 60 days with commencement in the second quarter of 2024.