Solstad’s $100 Million Triumph in Brazil

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Credit: dorian-mongel-5Rgr-unsplash

Embarking on a voyage of remarkable achievements, Norwegian OSV giant Solstad Offshore has made waves in the industry by securing two groundbreaking contracts in Brazil, collectively valued at a staggering $100 million. These strategic agreements not only underscore Solstad’s prowess but also signal a new era of offshore possibilities in the vibrant Brazilian market. The splash247 news source.

  • Norwegian firm Solstad Offshore secures $100 million contracts in Brazil, including charter extension and vessel conversion deals.
  • Normand Pioneer’s charter extended with PRIO, while Normand Carioca transformed for Equinor Brazil’s drilling support.
  • Solstad’s strategic agreements underscore its industry prowess and commitment to evolving offshore energy needs in Brazil.

Charter Extension 

Norwegian offshore service vessel (OSV) owner and operator, Solstad Offshore, has clinched two substantial contracts in Brazil, with a combined value of approximately $100 million. The agreements signify a significant achievement for the company, strengthening its foothold in the South American market.

Extension of Contract

One of the contracts involves an extension of the charter contract for the construction support vessel Normand Pioneer, a vessel built in 1999. The Brazilian oil company PRIO has granted an 18-month extension to the existing charter, effectively securing the vessel’s services until August 2025. This extension not only underscores Solstad Offshore’s reputation for delivering reliable and high-quality services but also demonstrates PRIO’s confidence in the capabilities of Normand Pioneer.

Transformation 

In an exciting development, Solstad Offshore has entered into a strategic agreement with Equinor Brazil, a prominent player in the oil and gas industry. The deal involves the conversion of the 2012-built platform supplier, Normand Carioca, into a cutting-edge well stimulation vessel. This transformation will equip the vessel to support drilling activities at the Bacalhau field, showcasing Solstad Offshore’s commitment to adapt to evolving industry needs.

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Source-splash247