Two owners are to share Solstad Offshore’s newest and dearest construction ship, the “Normand Oceanic”, when Subsea 7 takes over half.
“It’s not a problem reaching a good deal about selling 50 percent when one of our largest customers simultaneously extends the contract for using the ship from three to five years,” deputy Solstad managing director Sven Stakkestad tells Aftenbladet.
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.
The ship, completed in March last year at STX OSV’s shipyard in Brattvaag in Sunnmøre, Møre og Romsdal county, is the most expensive and well-equipped vessel in Solstad’s fleet to date.
“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.