Solstad Farstad Bags Contract with Fairfield Industries

Solstad Farstad ASA (SOFF) has entered into a contract with Fairfield Industries Inc. for the CSV “Normand Tonjer”. The contract will commence in 3Q 2018 and has a duration of one year firm plus two yearly options.

Fairfield will use the vessel to support their innovative worldwide ocean bottom seismic survey using node-based technology.

Solstad Farstad has updated other contracts too. The key contracts in the subsea construction segment include Far Saga contract extension with Petrobras until 2Q’20,  Nor Australis awarded 3 months contract with Magseis for operations in Southeast Asia and  Normand Installer renewal of frame agreement with SBM Offshore for 2019 and 2020 for minimum 114 and 105 days charter respectively

The key AHTS and PSV contacts include BOS Topazio awarded 3 year firm + 2 year option contract with Petrobras in Brazil,  Far Santana contract extension with Petrobras until 2Q’19, Sea Tantalus, and Far Server awarded firm contract for approx. 24 months with Maersk Oil in North Sea and  Normand Flipper and Sea Springer awarded contract for a period of ~9 months with Maersk Oil in North Sea and Sea Spark 12 months contract extension with BP Egypt until June 2019

Meanwhile,  Normand Skude and Normand Arctic awarded 4+4 months firm and option contract with AkerBP,  Normand Ferking 12 months contract extension with Equinor until September 2019, Far Scimitar awarded 4+4 months firm and option contract with non-disclosed major OilCo in Brunei,  Sea Swift contract with BP Egypt extended 1 year until August 2019, Far Scotsman and Far Serenade 3 months contract extension with Equinor in Brazil until December 2018, Far Statesman awarded 5 months contract with ENI for operations in Indonesia and Sea Supra and Sea Spear awarded 3 months firm + options in Kara Sea.