Norwegian OSV operator Solstad Offshore has signed a frame agreement with Saipem (Portugal) Comercio Maritime for the charter of construction support vessel Normand Cutter.
Under the agreement, Saipem will utilize the Normand Cutter to support its subsea construction activities worldwide at pre-agreed commercial terms. The agreement is valid for 4 years. The contract value was not disclosed.
As part of the agreement,Saipem has declared a utilization of approximately 6 months from June 2017 for the vessel on a project in West Africa.