Solstad Farstad nets North Sea work for three platform suppliers

Offshore support vessel owner Solstad Farstad has been awarded new contracts for three of its platform supply vessels (PSVs) in the UK sector of the North Sea. 

Solstad Farstad informed on Friday that TAQA Bratani Limited has awarded a contract for the PSV Far Spica. The vessel, of a PSV 08 CD Design, was built in 2013.

The contract is the duration of TAQA’s mobile drilling campaign in the UK Sector, which is about 18 months, with expected start date in the first quarter of 2018. Far Spica is currently trading the North Sea Spot Market.

Furthermore, AGR Well Management Limited has awarded Solstad Farstad a contract for the PSV Normand Aurora. This vessel, which is of a P105 Design, was built in 2005.

The contract duration is for one well firm plus one well options supporting West Hercules rig in the UK Sector. The contract is expected to start in March 2018. The firm period has an estimated duration of 75 days. Normand Aurora is currently trading the North Sea Spot Market.

Finally, Fairfield Betula Limited has extended the current contract of the PSV Far Symphony. The 2003-built vessel is of a P105 Design.

The contract has been extended for six months firm plus 6 x 1 month options starting from April 2018. The vessel has been supporting Fairfield’s UK operations since April 2017.

“For SolstadFarstad, the UK sector of the North Sea is of high strategic importance, and we are very pleased to firm up another three PSVs in this area,” says Jon Are Gummedal, Executive Vice President – AHTS/PSV International of Solstad Farstad ASA.

He continued: “We are pleased to see increased activity in the UK sector, and we are dedicated to provide high quality services to our UK clients.”

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