Nordic Business Report-July 6, 2006-Solstad Offshore ASA receives vessel contract from Subsea 7 Inc
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The Norwegian offshore vessels operator Solstad Offshore ASA said on Thursday (6 July) that it has received a letter of intent for a six-year charter contract from the subsea contractor Subsea 7 Inc.
The contract, which can be extended by up to four one-year periods, will be carried out by a new vessel constructed for the contract.
The financial details of the contract were not disclosed, but Solstad Offshore said that the agreement would give "an acceptable return on the investment".
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