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    Normand Pioneer wins extension

    Contracts, Tenders and Rates // March 14, 2003
    Seabrokers reports that Solstad Offshore ASA has extended its existing contract with Technip Offshore UK Ltd (ex Coflexip Stena Offshore Ltd) for the charter of the AHTS UT742 Normand Pioneer.

    The contract extension is for a minimum of 540 days over three years commencing in 2004, with charterer's option to keep the vessel for the remaining days of the three-year period.

    In addition, Technip Offshore UK Ltd has the option to keep the Normand Pioneer for a further 2 x 180 days periods during 2007/2008.

    The existing contract prevails until the end of 2003.

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