AHTS contracts awarded by Total E&P South Africa

Total E&P South Africa has awarded Solstad Offshore ASA contracts for two Large Anchor Handling Tug Supply (AHTS) Vessels, Normand Drott and Normand Prosper. The contracts are to support Total E&P South Africa's operations in Block 11B/12B and the drilling programme is expected to take up to 280 days, not including mobilization time and demobilization time, with expected commencement during the first half of 2020. Both vessels are currently trading the North Sea Spot Market.

This new contract award marks the return of Solstad Offshore to South Africa having supported Total’s previous drilling campaign in in the region during Q4 2018 / Q1 2019.

Skudeneshavn, September 25th, 2019

Contacts
Lars Peder Solstad CEO, at +47 91 31 85 85
Anders Hall Jomaas CFO, at +47 40 04 29 18

Solstad Offshore ASA
www.solstad.com

This information is subject of the disclosure requirements according to the Norwegian Securities Trading Act section § 5-12.

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