Solstad Maritime ASA - Contract Award for CSV Normand Valiant

Solstad Maritime ASA ("SOMA") is pleased to announce a 2-year contract award with Petrobras for the Normand Valiant. The contract is expected to commence in fourth quarter 2026 in direct continuation of the current agreement and subsequent class renewal.

The vessel will provide accommodation services to support production activities on the Brazilian continental shelf. The Normand Valiant is a smaller construction vessel mobilized with a «walk to work» gangway system and has accommodation capacity of 120 persons.

The gross contract value is approximately USD 62 million.

The vessel will be on bareboat contract from SOMA to Solstad Offshore ASA ("SOFF"), which is the contract holder with Petrobras.

Contacts:

Lars Peder Solstad, CEO: +47 91 31 85 85

Kjetil Ramstad, CFO: +47 90 75 94 89

Jarle Langeland, VP Finance: +47 99 56 39 93

Solstad Maritime ASA

https://solstad-maritime.com