New medium-term contracts
Solstad Offshore (“Solstad”) has signed contracts for several of its vessels with various Clients. Technip FMC have extended the present frame agreement with Solstad for ploughing/trenching duties in the North Sea with 1 year. As part of the extension the parties have agreed to utilize the AHTS Normand Ranger for a minimum of 80 days plus options on various projects in 2020, with expected commencement in April. Solstad has been awarded a contract with Repsol Sinopec Resources UK Limited, for the CSV Normand Jarl. The contract will commence in May 2020 and have a firm duration of 105