Solstad Offshore ASA — M&A Activity 2020

Jun 11, 2020

Contracts for PSV's in the North Sea

Contracts for PSV's in the North Sea

A leading North Sea Operator has awarded Solstad Offshore ASA contracts for two

Platform Supply Vessels (PSV) for a period of six months firm plus options. Far

Spica will commence its charter during June 2020 with Normand Springer or sister

vessel to follow during October 2020. Both vessels will be supporting the

Operators assets in the UK North Sea.

In addition, and as part of the Frame Agreement with Aker BP,  Call Off for the

PSV, Far Solitaire, has been extended until end 2020. The vessel has supported

Aker BP's operations since December 2019.

Skudeneshavn, June 11[th], 2020

Contacts

Lars Peder Solstad CEO, at +47 91 31 85 85

Kjetil Ramstad CFO, at +47 90 75 94 89

Solstad Offshore ASA

www.solstad.com