New contract in Brazil
Solstad Offshore has entered into a contract with Total E&P do Brasil (Total) for charter of a PSV for 13 months firm. Total has the option to extend the charter with additional 2 x 6 months.
Commencement of the contract is in August 2019, and the AHTS Far Sagaris will be the lead-in vessel until a PSV from the Solstad fleet will take over later this year. The vessels shall support Total’s activities in the Lapa Field.
The Lapa consortium is operated by Total, with a 35% interest, in partnership with Shell (30%), Repsol Sinopec Brasil (25%) and Petrobras (10%).
In addition, Equinor Brazil has extended the Contracts for the PSV’s Far Scotsman and Far Serenade with 3 months each. Both vessels are now firm until Nov-19 and shall continue to support Equinor Brazil’s portfolio activities.
Skudeneshavn, August 14th, 2019
Lars Peder Solstad CEO, at +47 91 31 85 85
Anders Hall Jomaas CFO, at +47 40 04 29 18
Solstad Offshore ASA
This information is subject of the disclosure requirements according to the Norwegian Securities Trading Act section § 5-12.