Solstad clinches two PSV contracts with Equinor in UK

Norwegian offshore vessel owner Solstad Offshore has won a two-year contract with Equinor for one of its platform supply vessels, and an extension for another, for work in the UK.

One of Solstad Farstad’s vessels (For illustration only); Photo by Alan Jamieson/Flickr

Solstad Offshore, the company owning 140 offshore service vessels, said on Thursday that Equinor had hired its Normand Skipper PSV, and exercised its one-year option for the Sea Falcon vessel.

Built in 2005, the Normand Skipper will start the contract either in November or December. The contract also has up to two-years of options after the initial firm period.

As for the Sea Falcon contract, Equinor has exercised a one-year option on the present Sea Falcon contract, effective from November 2018.

The Normand Skipper will join the Sea Falcon and Sea Frost (both 2013, PX105 Design) in supporting Equinor’s UK operations. Both Sea Falcon and Sea Frost have been on contract to Equinor since 2016 and 2017 respectively.

Solstad Offshore did not disclose any details on the financial value of the contracts.

The company has earlier this week said that the OSV market recovery has been slow and the dayrates for the vessels are still not at sustainable levels for the owners.

Solstad Offshore saw its loss for the third quarter deepen to around 456 million crowns (around $55,4 million). This compares to a loss of NOK 375 million a year ago, or about $45 million.

Share this article

Follow Offshore Energy Today

Events>

<< Jan 2019 >>
MTWTFSS
31 1 2 3 4 5 6
7 8 9 10 11 12 13
14 15 16 17 18 19 20
21 22 23 24 25 26 27
28 29 30 31 1 2 3

Fuel Cell Expo 2019

FC EXPO is world’s largest show for hydrogen & fuel cell…

read more >

LNG Bunkering Summit 2019

LNG Bunkering Summit will cover the obstacles facing both the shipping and port communities…

read more >

Egypt Petroleum Show

This event will feature 500+ regional & international exhibiting companies from over 35 countries…

read more >

IoT in Oil & Gas 2019

The IoT in Oil & Gas 2019 Conference will continue to focus on helping operators…

read more >

Jobs>

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply