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    Solstad gets LoI from Subsea 7 for newbuild construction vessel

    Contracts, Tenders and Rates // July 13, 2006

    Solstad Offshore has received a Letter of Intent from Subsea 7 for the charter of a large construction service vessel for a fixed period of six years.

    Furthermore, Subsea 7 has the option to hire the vessel for another 4 x 1 years. The contract will commence in the summer of 2008.

    Solsatd said it would have a new vessel constructed for the contract. The vessel design is being developed in close cooperation between Solstad, Subsea 7 and naval architects Vik-Sandvik AS.

     

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