Solstad's DLB Norce Endeavour Secures Chevron's Gulf of Thailand Contract

Norway's Solstad Offshore ASA (SOFF) reported Tuesday that it has executed a multiple-year contract with Chevron Offshore (Thailand) Ltd., Chevron Thailand Exploration and Production, Ltd. and Chevron Pattani, Ltd. (Chevron) in Thailand for its Offshore Installation and Construction program utilizing the Derrick Lay Barge “DLB Norce Endeavour”.

“DLB Norce Endeavour” will install multiple new Wellhead Platforms (WHPs) and Subsea Pipelines for Chevron in the Gulf of Thailand commencing in 2016 and extending for 4 years fixed term with 3 one year options. The offshore scope of work commencing in 2016 includes the installation of WHP’s and Pipelines providing a forecast utilization of the “DLB Norce Endeavour” of around 200 days. The number and configuration of Wellhead Platforms and Subsea Pipelines to be installed in subsequent years is not fixed and will vary depending on Chevron productions requirements.

SOFF will provide project management, engineering, procurement and logistics to support the DLB installation and construction scope of work through its DLB Marine Projects group in the Singapore office.

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