Solstad Gets Three PSV Charter Agreements
Total E&P UK Limited and Elf Exploration UK Limited have signed agreements for hire of the platform supply vessels (PSV) “Normand Aurora”. The duration of the contract is firm for 5 years with further 2 x 1 year options.
EDT Offshore Egypt S.A.E has signed for hire of Stand-By vessel “Normand Draupne ”. The duration of the contract is firm for 1 year with further 1 year option with commencement April 2012.
Finally, Statoil (STO) Petroleum AS has hired the platform supply vessel (PSV) “Normand Corona”. The duration of this contract is firm for 6 months with further 2 x 6 months option also with commencement April 2012
Total value of the owner's portion of the contracts is approx NOK 380-million