Norwegian offshore vessel owner Solstad Offshore has signed contracts for two of its construction support vessels (CSV).
Solstad said in late April that it won deals for three vessels in Brazil. However, all of the contracts were subject to board approval.
Two were for yet unnamed AHTS vessels, and one was for the 2002-built Normand Flower CSV. The company has now revealed that the board has approved the deal and that the contract was signed.
The deal will begin in January 2026 and will last for four years. The gross value of the deal is approximately $115m, excluding ROV services.
The vessel, owned by Solstad Maritime, will be on bareboat contracts to Solstad Offshore, which is the contract holder with Petrobras. Solstad Offshore holds 27,3% of the shares in Solstad Maritime.
Furthermore, Solstad Maritime has secured a new contract with immediate commencement for the 2015-built CSV Normand Navigator with an undisclosed client for a project in South America. The contract has a firm period of 100 days, with further extension options.
