New contracts and contract extensions

Solstad Farstad ASA (“SOFF”) are pleased to announce new awarded contracts and contract extensions for six vessels.

BP Egypt has declared the one-year option on the PSV Sea Swift resulting in continuous utilization of the vessel through to August 2019.

Equinor Brasil has extended present contracts for the PSV’s Far Scotsman and Far Serenade with 3 months each to December 2018.

In addition, SolstadFarstad have secured ongoing charters in the Bass Strait, Australia, for the AHTS’s Far Senator and Far Saracen and the PSV Sea Swan. These vessels will continue supporting the Semisub rig Ocean Monarch upon completion of the current Cooper Energy campaign, potentially keeping the vessels in the Bass Strait until Q1 2019.

Skudeneshavn, July 17th, 2018

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

Solstad Farstad ASA
www.solstadfarstad.com

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

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