Subsea 7 has extended a charter for one of Solstad Offshore’s vessels. The contract extension is for the ‘Normand Seven’ construction vessel.
The one year extension will become effective starting September 2015. This is the first of a total of five yearly options.
Solstad, the ship owner based in Norway, did not reveal financial details of the deal but said that “the extension is done under present terms and conditions.”
The 130m long Normand Seven is a construction / flexlay (horizontal) vessel fitted with an advanced flexible pipelay system capable of operating in water depths of up to 2,000m with a top tension capacity of 300t. The vessel was delivered in 2007 by Ulstein Verft in Norway.