Solstad Offshore ASA — M&A Activity 2020

Aug 11, 2020

Contract award for three vessels in Australia

Solstad OffshoreASA is pleased to confirm that theAHTS Normand Saracen, AHTS Far Senator and dual fuel powered PSV Normand Leader will continue operations inAustralia during 2021.

After the previously announced contract with BP (ref. notice to Oslo Stock Exchange 3. August 2020), the three vessels will provide support to a major drilling campaign offshore North WesternAustralia from Q2 2021 for approximately 7.5 months with optional periods thereafter.

During the campaign the vessels will operate in connection with a moored semi-submersible drilling rig, with the base port being Dampier.

Skudeneshavn, August 11 th, 2020

Contacts Lars Peder Solstad CEO, at +47 91 31 85 85 Kjetil Ramstad CFO, at +47 90 75 94 89

Solstad OffshoreASA www.solstad.com