Solstad Offshore ASA has signed a substantial charter agreement for the DLB "Norce Endeavour".

8/27/2012 3:06 AM EST

Solstad Offshore ASA ("SOFF") has signed a contract 
with Leighton Contractors Pty Ltd ("Leighton") in 
Australia for charter of the DLB "Norce Endeavour".

DLB "Norce Endeavour" will work at the Gorgon LNG 
Jetty and Marine Structures on Barrow Island, Western 
Australia. SOFF will also provide project management 
and engineering to support the DLB scope of works and 
operation from SOFF's offices in Singapore and Perth, 
Western Australia. The mobilisation of Norce 
Endeavour will start in October 2012 after completion 
of existing charter.

The contract value is confidential between the 
parties. 

The Gorgon Project is operated by an Australian 
subsidiary of Chevron and is a joint venture of the 
Australian subsidiaries of Chevron (47.3%), 
ExxonMobil (25%), Shell (25%), Osaka Gas (1.25%), 
Tokyo Gas (1%) and Chubu Electric Power (0.417%). 
Skudeneshavn, 27th August 2012 

Solstad Offshore ASA 

Contact persons: Lars Peder Solstad (mobile +47 
91318585) / Sven Stakkestad (mobile +47 90515802) 
This information is subject of the disclosure 
requirements acc. to §5-12 vphl (Norwegian Securities 
Trading Act)