Solstad, Siem, Standard Supply Score Offshore Vessel Contracts

July 11, 2022

Credit: Solstad Offshore
Credit: Solstad Offshore

Norwegian offshore vessel owners Solstad Offshore, Siem Offshore, and Standard Supply have all secured offshore vessel contracts in the past few days.

Solstad Offshore on Monday said it had secured a contract for the platform supply vessel Normand Swan in Australia. Solstad Offshore said the contract was for two years and with "a major energy company."

The client will have additional extension options. The contract will start in September 2022. No financial details were shared.

The Normand Swan is an 89-meter-long vessel built to Ulstein's PX 105 design back in 2014. It has a deck of 1010 sqm.

On Friday, offshore vessel firm Standard Supply entered into a new charter for the Platform Supply Vessel (PSV) Standard Supplier.

Standard Supply has secured a 7-10 week charter supporting an unnamed  "European energy company" from mid-August with day rates in the range of EUR €30,000 (around $30,202) per day.

Standard Supply also said it was expected to list on Euronext Growth on or about July 22, 2022.

Also, in Brazil, Norway's Siem Offshore, via its Brazilian subsidiary Siem Offshore do Brasil has signed a new contract for the Oil Spill Response Vessel Siem Maragogi with a duration of 3 years, beginning in the fourth quarter and in direct continuation of the current contract. Siem Offshore did not share the financial details

To remind, in March this year, Siem Offshore said a Brazilian court had ruled in favor of Petrobras in a case related to a late Siem Maragogi delivery in 2015. Read more here.

Worth noting, another Norwegian offshore vessel owner, Eidesvik Offshore, last week won a long-term vessel contract with the oil firm Aker BP. Read more here.


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