Solstad Offshore’s business has been boosted from contract awards under frame agreements with energy majors and independents in two countries
One of the biggest agreements it has announced this year is the start of a frame agreement with ExxonMobil in Brazil to provide supply vessel services.
These services support offshore drilling rigs the US oil major has contracted for its exploration activities in Brazil, where some of the largest deepwater oil fields worldwide have been discovered and are being developed.
This frame agreement will last for at least three years, with options to extend depending on exploration drilling success.
Solstad said the first call off from this agreement has been received for platform supply vessel (PSV) PX 105-design and 2014-built Normand Swift which will support a drilling rig for three months from December 2020 to March 2021.
Skudeneshavn-based Solstad also announced contracts for two of its vessels in Norway for Q1 2021 activity.
Energy company Wintershall Dea has awarded a contract to Solstad for medium-term use of Normand Serenade (ex Far Serenade) as part of a frame agreement these companies have together. This 2008-built, UT 751 clean design PSV will support semi-submersible rig Deepsea Aberdeen’s drilling operations in Norway.
This contract is set to take place during Q1 2021 to support the drilling of two exploratory wells. There are options to extend this contract for another five wells to be drilled in 2021.
Also in Norway, Aker BP has secured 2011-built PSV Normand Arctic for at least three months to support drilling operations as part of a frame agreement. This LNG-powered and STX PSV 12-design vessel is scheduled to commence this charter in February 2021. Until then, Solstad said Normand Arctic would be working for an undisclosed charterer for one well in Norway.
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