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Solstad Offshore awarded contract for PSVs

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Oilfield Technology,

Wintershall DEA have awarded Solstad Offshore a 10 well firm (estimated length of 30 months) as well as options contract to support Wintershall’s West Mira drilling campaign in the Norwegian Sea.

Commencement of the contract will take place in August/September 2019, and will be covered by the large PSVs Normand Falnes ((VS 485 MkII, built 2011) and Normand Naley (VS 485 MkII, built 2011).

Normand Falnes is currently being reactivated from layup and have also been secured by Vår Energi for a 1 well (approximately 80 days) contract to support their Scarabeo 8 drilling operation in the Norwegian Sea; starting early June 2019. As a result the vessel is fully committed up to commencement of the Wintershall DEA contract.

The latest contract awards contribute positively to the Solstad fleet backlog at rates that reflect improving market conditions for vessel owners.

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