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Company Disclosure
Farstad Marine AS, a wholly owned subsidiary of Solstad Offshore ASA, has sold the PSV Far Supplier (built 1999, 6.700 BHP). Delivery of the vessel to the new owner took place on Wednesday November 21st, 2018.
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Solstad Offshore has entered into a contract for the CSV ”Normand Pioneer” (1999, CSV, 286t BP) with “Queiroz Galvão Exploração e Produção S.A in Brazil. The contract has a duration of two years firm and in addition charterer holds two yearly options.
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Equinor UK Limited (“Equinor”) has awarded Solstad Offshore ASA a two-year contract for the Platform Supply Vessel “Normand Skipper” (2005, VS4420 Design).
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Solstad Offshore ASA (SOFF) welcomes to presentation of its 3rd quarter 2018 results, Wednesday November 7th 2018 at 09:00 am. The presentation will be held by Lars Peder Solstad and Anders Hall Jomaas.
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Despite signs of an improved market for offshore service vessels and being in compliance with main financial covenants as per 3rd quarter 2018, it is expected that the coming North Sea winter season will be challenging for the Company’s liquidity position.
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Fairfield Betula Limited (“Fairfield”) has awarded Solstad Offshore ASA (“Solstad”) long-term contracts for two Platform Supply Vessels, “Far Symphony” and “Normand Aurora” in the UK Sector, North Sea.
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Solstad Offshore ASA (“Solstad”) has been awarded a contract with Global Sea Mineral Resources NV(GSR), for the CSV Normand Reach. The contract will commence in 4Q 2018 and has a duration of 4-6 months.
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Solstad Farstad ASA changes the company name to Solstad Offshore ASA.
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Solstad Farstad ASA have been awarded a two-year contract for the Platform Supply Vessel (PSV) Far Swan (2006 Built VS470 MK II Design).
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Reference is made to the stock exchange announcement of July 20th, 2018, in which it was informed that Solship Invest 3 AS (“SI3”) had entered into an agreement with its financial creditors for the financial restructuring of SI3 (the “Financial Restructuring”).
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