Contract award for subsea vessels in Brazil
Solstad Offshore ASA is pleased to announce that the current contract of RSV Far Saga with PETROBRAS has been extended for a period of one year starting on Oct 30[th], 2020. Far Saga has been operating in Brazilian water since 2014. In addition, PETROBRAS has confirmed the replacement of Far Saga by Normand Poseidon on a new RSV contract for a period of 3 years firm (ref announcement dated 11[th] May 2020). Commencement of the Contract will take place during 1Q 2021. Both vessels will sail under Brazilian flag and will support exploration and production activities in Brazilian