Saipem decides to buy Solstad Offshore’s lay barge vessel

Norwegian vessel owner Solstad Offshore has sold its DLB Norce Endeavour lay pipe barge to Italian oilfield contractor Saipem.

DLB Norce Endeavour / Image source: Solstad

Solstad said last Friday that the barge was sold to Saipem’s Portuguese subsidiary, Saipem Portugal Commercio Maritimo Limitada, which chartered the vessel in December 2019.

The charter contract started in January 2020 with a firm duration until May 31, 2021. In addition to the firm part of the charter, Saipem had options to extend the deal for a further five months and to purchase the vessel.

Solstad stated that Saipem opted to buy the vessel and that the delivery of the DLB Norce Endeavour was set for April 2020.

The sale price of the vessel, currently located offshore Karimunbesar Island in Indonesia, was left undisclosed.

DLB Norce Endeavour is a 146-meter-long lay barge vessel built-in 2010, equipped with the main crane of 1100 tonne lift capacity.


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