Solstad Offshore ASA has confirmed the final award of AHTS contracts with Brazilian giant Petrobras for the deployment of two of its anchor handling and supply vessels. anchor handling and supply vessels (AHTS), the “Normand Sigma” and “Normand Sirius”. (AHTS) vessels, the “Normand Sigma” and “Normand Sirius”. This assignment, initially subject to board approval, has finally been approved, marking a key step in the company’s operational expansion strategy in South America.
Four years of operation in Brazilian waters
The contracts will have a duration of four years and will commence in the first quarter of 2026. The combined gross value amounts to approximately $210 million. The vessels will be contracted in bareboat mode from Solstad Maritime ASA (SOMA) to Solstad Offshore ASA (SOMA). Solstad Offshore ASA (SOFF), which is the direct contracting entity with Petrobras.
This agreement strengthens Solstad’s link with the Brazilian energy industry and consolidates its position as a key supplier of maritime services. maritime services provider of specialized deepwater maritime services.
Corporate relationship and contractual structure
Solstad Offshore ASA owns a 27.3% equity interest in SOMA, which allows it to operate synergistically in this type of structured arrangement. The bareboat charter allows SOFF to leverage its operational experience while SOMA retains ownership of the vessels.
As confirmed in the official publication of June 4, 2025 on the Oslo Stock Exchange, the vessels will be strategically deployed to support Petrobras’ offshore operations, reaffirming the importance of the Brazilian market in the Norwegian company’s portfolio.
Financial strength through AHTS contracts
With this contract, Solstad Offshore ASA strengthens its long-term revenue stream and improves its financial profile. The announcement also generated a positive reaction in the markets, highlighting investors’ appetite for companies with strong ties to top-tier operators such as Petrobras.
This development marks a new stage for Solstad, aligned with its strategy of sustainable growth in regions with high demand for advanced offshore services.
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Source and photo: Solstad Offshore
