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Norwegian offshore vessel owner Solstad Maritime has won a contract for one of its Normand Ocean construction support vessels (CSV) with compatriot ocean services player DeepOcean. The contract has a firm duration of three years, plus two one-year options, and is scheduled to commence in the first quarter of 2027. Solstad announced a five-year firm contract with Prysmian for the Normand Ocean in June 2024. Another CSV from the company’s fleet will instead cover this contract. Both vessels will then have firm commitments from long-term clients into the next decade. Solstad did not reveal the financial details for the contract. However, the deal was described as a very large contract, which places it in the $50m to $100m range. On Thursday, DeepOcean secured a contract from Equinor for subsea construction and installation work on the Snorre export and import gas project, with offshore execution set for 2026. The development forms part of Equinor’s wider Snorre expansion project, designed to extend the production life of the Snorre oil and gas field in the Tampen area of the North Sea beyond 2040. googletag.cmd.push(function() { googletag.display('div-gpt-ad-1_95_0_1_2'); }); TagsNorway
Solstad bags three-year CSV contract with DeepOcean
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