Solstad Offshore ASA - M&A Activity 2017

CONTRACTS IN AUSTRALIA

SolstadFarstad have secured a contract with Cooper Energy to

support drilling operations within the Bass Strait region of

Australia.

The contract consists of the Far Statesman and Far Senator

towing the Ocean Monarch from the North West Shelf of

Australia to the Bass Strait, and then continuing with rig

support duties for a firm period of 120 days, and two lots of

60-day optional periods. The tow of the Ocean Monarch is

anticipated to commence late December 2017 or early January

This contract with Cooper Energy is the first time that the

two companies have done business together and it provides

SolstadFarstad with an excellent opportunity to commence

building a robust and long-standing relationship with an

important new client.

The commercial terms are confidential between the parties.

Contacts:

Lars Peder Solstad, CEO at +47 913 18 585 /

Anders Hall Jomaas, CFO at +47 40 04 29 18.

Skudeneshavn, 18th July 2017

Solstad Farstad ASA

This information is subject of the disclosure requirements

acc. to §5-12 vphl (Norwegian Securities Trading Act)

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