Solstad Offshore ASA (SOFF) has through its subsidiary Solstad Offshore Asia Pacific Ltd in Singapore been awarded several new contracts.
Solstad Offshore ASA (SOFF) have signed a Letter of Intent (LOI) with Subsea 7 for hire of SOFF's offshore construction vessel (CSV) "Normand Oceanic".
Solstad Offshore ASA (SOFF) has signed a contract with Saipem Ltd for use of the Construction Service Vessel (CSV) "Normand Oceanic" The duration of the contract is 150 days with commencement end of June 2011.
Solstad Offshore ASA (SOFF) increased its ownership in NOR Offshore Ltd. (Nor) to 100% by the purchase of the 40.9% stake held by Nortrans Invest Pte Ltd (Nortrans). The transaction was announced to the Oslo Stock Exchange on 6th April 2011 and a new name, Solstad Offshore Asia Pacific Ltd (SOAPAC) was formally registered on 8th June 2011.
As part of its environmental program, Solstad Offshore has long focused on innovative environmental solutions for its clients through”Solstad Green Operations”. Since the autumn of 2010, the company has offered its clients the opportunity to operate the company’s vessels on a climate neutral basis. During the spring of 2011, Solstad Offshore signed a charter party for the anchor-handling vessel, Normand Mjolne. Solstad and the charterers have now agreed to operate this vessel on a climate neutral basis, following the guidelines in”Climate Neutral Network” issued by the United Nations.
Please refer to the attached minutes of meeting for the General meeting 2011.
Reference is made to stock exchange announcement dated 6 April 2011 on the agreement between Solstad Offshore ASA ("SOFF") and Nortrans Invest Pte. Ltd. ("Nortrans") regarding SOFF's acquisition of Nortrans' 40.9 % share in Nor Offshore Ltd. ("NOR") making SOFF the owner of 100 % of the shares in NOR.