Solstad Offshore Secures Contracts for Two Construction Support Vessels

Norwegian offshore vessel owner Solstad Offshore has signed contracts for two of its construction support vessels (CSV).

In late April, Solstad announced deals for three vessels in Brazil, pending board approval. Two were for unnamed AHTS vessels, and one was for the 2002-built Normand Flower CSV. The board has now approved the contract for the Normand Flower.

The contract is set to commence in January 2026 and will run for four years, with a gross value of approximately $115 million, excluding ROV services.

The Normand Flower, owned by Solstad Maritime, will be on bareboat contracts to Solstad Offshore, the contract holder with Petrobras. Solstad Offshore holds 27.3% of the shares in Solstad Maritime.

In addition, Solstad Maritime has secured a new contract for the 2015-built CSV Normand Navigator with an undisclosed client for a project in South America. The contract has a firm period of 100 days, with extension options available.