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    Solstad and DOF join forces in Brazil

    News // October 4, 2001
    Solstad Offshore ASA (SOF) and DOF ASA (DOF) have signed an agreement to join forces in the Brazilian offshore market. The joint operation will entail DOF buying a share of Solstad's Brazilian company, the name of which has been changed to NorBras Offshore Ltda (NBO).

    NBO is now owned with a 50-50 by each of the parties.

    It main aim of the agreement is to enable both companies to become leading players in the market for offshore vessels and related activities in Brazil.

    Both companies say that they are of the opinion that the Brazilian market has considerable potential.

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