Solstad Offshore Purchases Construction Service Vessel

Solstad Offshore ASA has entered into an agreement with North Sea Invest AS for the purchase of the construction service vessel Bold Endeavour. The vessel is presently in operation in Mexico under a 5-year T/C with DeepOcean ASA.

The vessel was built in 1999, has a length of 129m, a width of 22m, 1.600 m2 working deck and equipped with DP class 2.

The commercial terms between the parties are confidential.

Solstad Offshore ASA is one of the world's leading owner and operators of offshore construction service vessels and operates after the purchase of Bold Endeavour in total 10 vessels within this segment.