Norskan Offshore Nabs LOI for Skandi Waveney Vessel

Norskan Offshore has received a Letter of Intent (LOI) from StatoilHydro Petroleo Brasil for the vessel Skandi Waveney.

The duration of the firm contract is 2 years plus 2 optional years. Commencement is estimated to 4th quarter 2009.

Skandi Waveney is owned by Waveney AS. DOF ASA owns 47% of Waveney AS. Norskan Offshore is a subsidiary of DOF ASA.