New Tow Contract
Monday 6 June 2016
Solstad Offshore ASA (SOFF) has entered into an agreement with SBM Offshore for tow out of the Glen Lyon FPSO, from Haugesund to final location West of Shetland. SOFF has delivered the “Normand Prosper”, “Normand Ranger” and “Normand Progress” from own fleet, and a fourth vessel that has been chartered in. Commencement was end of May 2016.
Further to the above, SOFF has entered into an agreement with BP Exploration Operating Company Ltd for “Normand Prosper” and “Normand Ranger”. Scope of work is heading control of the Glen Lyon FPSO during the installation period. Commencement in direct continuation of the SBM charter agreement.
The above represents a total of 220 firm vessel days plus options, the commercial terms are confidential between the Parties.