Contract award within renewable energy

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Solstad Offshore ASA is pleased to announce a contract award for the subsea construction vessel ("CSV") Normand Baltic and a contract extension for the CSV Normand Navigator. The contracts are for renewable energy projects in North Europe and Asia and represents a combined firm utilization of 310 days, with additional options thereafter. Normand Baltic contract will cover the majority of Q4-22 and Q1-2023, while Normand Navigator now has a firm contract to Q4 2023.

The contracts have a combined value of approximately NOK 320 million including addition services, such as ROV’s, Walk to Work-system and other project support.

The clients are recognized operators within the renewable energy segment.

Skudeneshavn, October 18th 2022

Lars Peder Solstad CEO, at +47 91 31 85 85
Kjetil Ramstad CFO, at +47 90 75 94 89

Solstad Offshore ASA