SOFF Awards Two New Contracts by Petrobras

Source: www.gulfoilandgas.com 4/5/2013, Location: South America

Solstad Offshore ASA has been awarded two new contracts by Petrobras for hire of the PSV's "Normand Vibran" and "Normand Trym".

The duration of the new contracts are 4 years each. Petrobras have options to extend the contracts with further 4 years, but at a rate to be agreed.

In addition, the present contracts the vessels have with Petrobras, will be extended with about 120 days each. Giving a total new firm contractperiod of 4 years and 4 months per vessel.

The combined value of the contracts is approximately Nok 500 mill.

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