As part of the bareboat Contract Saipem Portugal had the option, at its discretion and subject to, among others, Saipem internal approval, to purchase the DLB Norce Endeavour.
Saipem has now decided to declare the purchase option for DLB Norce Endeavour.
Delivery of the vessel to Saipem is scheduled to April 2020.
The sale of the DLB Norce Endeavour will have a minor accounting effect.
Source: Solstad Offshore