Offshoretråden - Kontrakter

Refvik

Administrator
Staff member
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 30th, 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 11th May 2020). Commencement of the Contract will take place during 1Q 2021.

Both vessels will sail under Brazilian flag and will
 

Refvik

Administrator
Staff member
Contract awards within Subsea and Renewable Energy

Solstad Offshore ASA is pleased to announce award of two contracts within Subsea and Renewable Energy representing around 500 vessel days in 2021.

Normand Tonjer has secured a firm contract until November 2021, plus options for further extension of 2 x 12 months.

In addition, Normand Jarstein has been awarded a 4 months firm contract with Ørsted to support their operations on Hornsea 2 offshore windfarm. The contract is commencing in 3Q 2021.
 

Refvik

Administrator
Staff member
Contract extension for Skandi Africa

DOF Subsea is pleased to announce an award for Skandi Africa for a 2-year contract extension. The new contract will commence in direct continuation with the current contract.

Skandi Africa is a high-end subsea vessel designed for harsh environment and deepwater subsea construction and flexlay operations.

DOF Subsea CEO, Mons S. Aase, stated, "Skandi Africa is the most sophisticated vessel in our fleet and we are looking forward to continue the journey, delivering successful installation campaigns".
 

Refvik

Administrator
Staff member
PSV contract extended with Fairfield

Solstad Offshore ASA is pleased to announce that Fairfield Betula Limited ("Fairfield") has extended the charter of the PSV Far Symphony. The contract is now firm until the end of December 2021 and will commence in direct continuation of the current contract. The vessel has been supporting Fairfield's operations in the UK since 2017.
 

Refvik

Administrator
Staff member
Ser Grup Servicii Petroliere SA (GSP) har kjøpt IMT 992 "Caledonian Vanguard" fra BP og gitt den namnet "GSP Pegasus" - kva i all verden skal GSP med den?
 

Refvik

Administrator
Staff member
New contract for DOF

The DOF Group is pleased to announce that PSV Skandi Aukra has been awarded a long term contract by Chrysaor. The charter will commence in December 2020, in direct continuation of its current contract, for a duration of 2 years firm, plus 2 x 1 year options.

Skandi Aukra is a large modern PSV, which has been continuously supporting UKCS Operators, including Chrysaor, for several years, and the DOF Group is delighted to continue its partnership with a key UK client.
 

Refvik

Administrator
Staff member
Update - Normand Maximus

Reference is made to Solstad Offshore ASA's ("SOFF") stock exchange notice dated 17 September 2020 in which it was advised that Saipem (Portugal) Comercio Maritimo ("Saipem") had early terminated the time charter for "Normand Maximus".

The time charter for "Normand Maximus" entitled Saipem to terminate the charterparty for convenience against payment of an early termination fee to SOFF's wholly owned subsidiary Normand Maximus Operations Limited (the "SOFF Subsidiary") as disponent owner of "Normand Maximus".

The notice period for the termination under the time charter is 45 days meaning that the termination of the time charter will be effective and the vessel redelivered on or around 2 November 2020. The termination fee is in the amount of approximately USD 44 million.

Normand Maximus is financed under a financial lease entered into between Maximus Limited as owner of "Normand Maximus" and the SOFF Subsidiary as bareboat charterer.

SOFF holds a 25% ownership share in the leasing company Maximus Limited.

The financial lease is guaranteed by SOFF and includes customary prepayment events and default provisions. These may i.a require the SOFF Subsidiary to purchase the vessel if the SOFF Subsidiary is not able to secure new employment for the vessel. The vessel is one of the largest and most sophisticated vessels within its segment and SOFF expects that the vessel will be engaged on new projects within reasonable time. SOFF and the SOFF Subsidiary are exploring the market opportunities and is now engaging in dialogue with the leasing company Maximus Limited with a view to agree on a solution for the financial lease taking into account the early termination by Saipem.

It is not expected that the completion of the restructuring of the SOFF group to be considered by the general meeting of the Company on 20 October 2020 will be affected by the termination of the time charter contract.

Ser "Normand Maximus" er tilbakelevert til Solstad og ligger nå i Mekjarvik
 

Refvik

Administrator
Staff member
AHTS contracts extended by INPEX, Australia

Solstad Offshore ASA are pleased to announce that Inpex Operations Australia Pty have extended the contracts previously agreed in October 2019 for the provision of two anchor handlers to support drilling for the Ichthys LNG development.

Normand Scorpion and Normand Sirius firm operational period will now continue until August 2023 with additional options available to Inpex thereafter.

The anchor handlers have been supporting Inpex operations with the Maersk Deliverer since early 2020 operating from Broome, Australia.
 

Refvik

Administrator
Staff member
DOF Subsea Australia Contracted by Beach Energy

Beach Energy has awarded DOF Subsea Australia the Otway Offshore Project Phase 4 contract which consists of subsea installation works in a tie-back program.

The award includes Project Management, Engineering, Fabrication, Transportation and Installation Services and is expected to be completed in Q3 2021. The project will be executed using DOF Subsea's regional Construction Support Vessels (Skandi Hercules, Skandi Singapore) which are ideally suited to these campaigns.

Mons Aase, CEO DOF Subsea AS, said, "We look forward to working with Beach Energy to deliver safe and efficient project."
 
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