Solstad, ConocoPhillips Shake Hands for Normand Mjolne Vessel

Solstad Offshore has entered into a long-term contract of the AHTS-STBY vessel Normand  Mjolne, with ConocoPhillips Skandinavia AS.

The contract has a duration of 2.5 years firm plus three times two-month options. The vessel will commence the contract in October 2008. The commercial terms between the parties are confidential, but it gives SOFF an acceptable return.