Solstad Offshore has managed to secure contracts and extensions to increase its presence in international markets. The company has signed contracts for around 900 sailing days, with a total value of approximately 60 million USD.
Solstad Offshore’s one-and-a-half-year contract with Petrobras
The most notable contract is the one signed for the Normand Valiant , a subsea construction vessel ( CSV ) that will begin its 18-month service with Petrobras in Brazil from February 2025. This agreement will closely follow the vessel’s current contract, ensuring its continuity at sea for more than a year and a half. The 178-metre-long vessel with advanced capabilities continues to be an essential asset for Solstad in its operations in South America.
Elsewhere, the other vessels in Solstad’s fleet have secured significant extensions. The contract for the Normand Sagaris , an anchor and supply tug ( AHTS ), has been extended by 120 days until March 2025, when it will begin a three-year contract with Petrobras . In addition, the Normand Sirius , another AHTS in the fleet, has seen its contract extended until August 2025, with the possibility of extending it for a further 247 days.
In addition to the contract renewals in Brazil, the Normand Saracen , another AHTS, has signed a 60-day contract to perform offshore activities in Australia. This new contract strengthens Solstad Offshore’s presence in the Asia-Pacific region, a market that has proven to be important for its operations in recent years.
With these agreements, the company ensures a workload for its high-capacity vessels, while strengthening its relationship with important clients. The company continues to demonstrate its ability to keep its fleet fully engaged, ensuring long-term stability in an industry characterized by high competition and volatility.
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Source and photos: Solstad Offshore
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