Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
The latest announcement is out from Solstad Offshore ASA ( (SLOFF) ).
Solstad Offshore has secured a one-year extension to the current contract for its AHTS vessel Normand Turquesa with Petrobras, pushing the start of a previously announced four-year contract from the first quarter of 2026 to the first quarter of 2027 and adding an estimated USD 15.4 million in gross value. As a result of this amendment, Normand Turquesa is now firmly contracted with Petrobras until January 2031, giving Solstad roughly USD 100 million in total gross contract value from this engagement and reinforcing long-term revenue visibility and strategic ties with a key Brazilian offshore client.
More about Solstad Offshore ASA
Solstad Offshore ASA is a Norwegian offshore shipping company that operates a fleet of specialized vessels, including Anchor Handling Tug Supply (AHTS) ships, primarily serving the global offshore energy sector and major oil and gas clients such as Petrobras.
Average Trading Volume: 108,441
Current Market Cap: NOK3.72B
Learn more about SLOFF stock on TipRanks’ Stock Analysis page.