Contracts awarded in Brazil
SolstadFarstad has entered into new contract and contract extensions with PETROBRAS – Petróleo Brasileiro S.A. for three of the company’s Brazilian flagged vessels.
3 years firm contract for the AHTS, BOS Topazio (2005, UT 728L, 146t BP). Commencement of the contract shall take place during 1Q 2019, in direct continuation with current charter. Contract can be extended for further 2-years.
Extension of contract for AHTS, Far Santana (2000, UT 730, 200t BP), making the contract firm until 2Q 2019. Far Santana is equipped with Fugro’s FCV Work Class ROV suitable for 3.000m water depth. Commencement of the contract amendment shall take place during 2Q 2018.
Extension to the Contract for CSV, Far Saga (2001, RSV UT 745L), making the contract firm until 2Q 2020. Far Saga is equipped with two Work Class ROVs from i-Tech 7 suitable for 3.000m water depth. Commencement of the contract amendment shall take place during 2Q 2018.
Vessels will be supporting exploration and production activities on Brazilian continental shelf.
Skudeneshavn, May 31st, 2018
Lars Peder Solstad CEO, at +47 91 31 85 85
Anders Hall Jomaas CFO, at +47 40 04 29 18
This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act)