Solstad Offshore ASA (SOFF) has been awarded a new contract by Petrobras for hire of the AHTS “Normand Titan”.
The duration of the contract are 4 years and commencement will be during 3rd quarter 2014. In addition, Petrobras has options to extend the contract with further 4 years, subject to agreement on the commercial terms.
The gross value of the firm part of the contract is approximately NOK 400 million (USD 66.8 million).
Press Release, April 29, 2014