Solstad Offshore Announces Financial Report for the 2nd Quarter 2021

Source: www.gulfoilandgas.com 8/24/2021, Location: Europe

Revenues for the second quarter of 2021 was MNOK 1,264 vs MNOK 1,332 in 2020, while EBITDA adjusted for the second quarter was MNOK 309 vs MNOK 411 in 2020.

- Revenues year to date was MNOK 2,601 vs MNOK 2,535 in 2020 and EBITDA adjusted year to date 2021 was MNOK 741 vs MNOK 694 in 2020.

- The offshore activity is slowly improving, both within oil & gas and offshore-wind and Solstad has signed a number of new contracts, all at improved terms.

- The company’s active fleet has been increased from 75 to 80 vessels during the quarter. All reactivations has been done based on new contracts. Sold 12 of 37 vessels classified as non-strategic vessels.

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