Subsea 7 takes over half a ship
Two owners share one ship.
Two owners are to share Solstad Offshore’s newest and dearest construction ship, the “Normand Oceanic”, when Subsea 7 takes over half.
Cabin space for 140 persons
Subsea 7 is acquiring half the ship at cost price. Construction costs for “Normand Oceanic” were approximately 1250 million kroner, and Solstad Offshore will thus be freeing up 200 million kroner, which the company had put in as equity. The remaining costs were financed through a loan.
“Normand Oceanic” has remotely-operated underwater robots (ROVs), a large opening in the hull amidships (moon pool) for lowering and lifting heavy tools and equipment for use on the seabed using large cranes, with a 400 to 1,000-ton lifting capacity, and cabin space for 140 persons.