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    SOFF   NO0003080608

SOLSTAD OFFSHORE ASA

(SOFF)
  Report
Real-time Oslo Bors  -  07:58 2022-09-26 am EDT
15.32 NOK   -7.82%
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Contracts for AHTS's in Norway and Brazil

08/16/2022 | 02:53am EDT

Solstad Offshore ASA is pleased to announce that Equinor has declared an option to extend the contract for AHTS Normand Ferking with one more year to November 2023. Equinor has the option to extend the contract with further one year thereafter. Normand Ferking has been on contract with Equinor since 2007 and will continue to support their activities on the Norwegian Continental Shelf.

In addition, AHTS Normand Topazio has been fixed to Enauta Energia S.A in Brazil.for 300 days firm plus 220 days of options. Commencement of the contract is 3Q-2022, and the vessel will support Enauta's drilling and production activities at the "Atlanta Field" in the Santos Basin.

Skudeneshavn, August 16th, 2022

Contacts
Lars Peder Solstad CEO, at +47 91 31 85 85
Kjetil Ramstad CFO, at +47 90 75 94 89

Solstad Offshore ASA
www.solstad.com

http://publish.ne.cision.com//Release/ViewReleaseHtml/A14AA8B46C9A0319E0C856B0705FC7D6

(c) 2022 Cision. All rights reserved., source Press Releases - English

Stocks mentioned in the article
ChangeLast1st jan.
EQUINOR ASA 0.16% 338.4 Real-time Quote.43.37%
SOLSTAD OFFSHORE ASA -7.82% 15.32 Real-time Quote.204.40%
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Financials
Sales 2021 5 128 M 484 M 484 M
Net income 2021 -1 102 M -104 M -104 M
Net Debt 2021 18 245 M 1 723 M 1 723 M
P/E ratio 2021 -0,37x
Yield 2021 -
Capitalization 1 285 M 121 M 121 M
EV / Sales 2020 3,91x
EV / Sales 2021 3,64x
Nbr of Employees 3 600
Free-Float 39,7%
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Managers and Directors
Lars Peder Solstad Chief Executive Officer
Kjetil Ramstad Finance Director
Harald Espedal Chairman
Tor Johan Tveit Chief Operating Officer
Olaug Hillesland Director-Administration & Communications
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