Solstad Offshore ASA announced on Tuesday (Oct18) a contract award for the subsea construction vessel (CSV) Normand Baltic and a contract extension for the CSV Normand Navigator.
The contracts are for renewable energy projects in North Europe and Asia and represents a combined firm utilization of 310 days, with additional options thereafter. Normand Baltic contract will cover the majority of Q4-22 and Q1-2023, while Normand Navigator now has a firm contract to Q4 2023.
The contracts have a combined value of approximately NOK 320 million including addition services, such as ROV’s, Walk to Work-system and other project support.
The clients are recognized operators within the renewable energy segment.