SOFF will have a new vessel constructed for this contract. The vessel design is developed in close cooperation between Solstad, Subsea 7 and Vik- Sandvik AS.
The commercial terms between the parties are confidential, however it gives Solstad an acceptable return on the investment.
Solstad is a leading owner and operator of offshore construction service vessels and will, after the delivery of the new vessel, operate a total of 11 vessels within this segment. The Company is very pleased to enter into this agreement with Subsea 7, the second contract with Subsea 7 during a short period of time.
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