Several Contracts Awarded in Australia

Several Contracts Awarded in Australia

01.12.2017 10:02:36

SolstadFarstad ASA (SOFF) has been awarded several new contracts for the provision of vessels within Australia. 

McDermott International Inc. affiliated company, MAPL have awarded the provision of a General Purpose Support Vessel, Far Stream, and pipe-haul PSV’s performing services for work Offshore Western Australia.  The contract is due to commence during Q1/Q2 2018 and the combined vessels utilization is approx. 200 days.

Cooper Energy has supplemented their earlier award of Far Saracen and Far Senator for their upcoming Bass Strait drilling campaign, by awarding a third anchor handler, Far Statesman, for a period of 100 days firm with commencement during 1Q 2018.

Woodside Energy Ltd has awarded SolstadFarstad subsidiary Farstad Offshore AS a contract for the provision of two PSV’s, Far Seeker and Far Skimmer, for the Greater Enfield Project drilling support campaign.  Far Seeker shall be mobilized with a work class ROV, in order to provide efficiencies to the overall drilling campaign.  The contract is firm for twelve months with fourteen months of options. Commencement of the contracts is January/2018.

These contract awards are testament to the ongoing professional relationships built between SolstadFarstad and a number of important clients over recent contracts in Australia.  SolstadFarstad look forward to further strengthening these close associations, whilst continuing to deliver a high level of safe and efficient offshore operations.

The contract values remain confidential between the parties.

Contact persons: 
Lars Peder Solstad, CEO at mobile +47 91318585
Anders Hall Jomaas, CFO at mobile +47 40 04 29 18 

Skudeneshavn, December 1st 2017

Solstad Farstad ASA
www.solstadfarstad.com

This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act)