Brazilian deal for Solstad

Contracts, Tenders and Rates - November 20, 2009

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Solstad Offshore has been awarded contracts for the PSVs Normand Vibran and Normand Trym by Petrobras in Brazil.

The contracts have a duration of three years each and will commence during the first quarter of 2010. The gross value of the contracts, based on current exchange rates, are approximately NOK 270 million.

Including these contracts, Solstad Offshore has seven vessels working in Brazil.

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