Contract with Ocean Installer AS for “Normand Mermaid”

The duration of the contract is firm for 5 years with further 5 x 1 year option and it commences on the 1st March 2013.
The contract value is confidential between the parties, but gives SOFF an acceptable return on its investment.
 “Normand Mermaid” is a medium sized CSV built in 2002. The vessel is well suited for subsea construction work in both deep and shallow waters.

Ocean Installer is a subsea construction company based in Stavanger, Norway.  O.II is 100% owned by HitecVision.