Norwegian offshore shipping specialist Solstad has signed a frame agreement with Saipem for the use of its construction support vessel Normand Cutter.
According to Solstad, the frame agreement with Saipem’s Portuguese subsidiary is valid for 4 years.
Through this agreement, Saipem can utilize the “Normand Cutter” to support their subsea construction activities worldwide at pre-agreed commercial terms.
As part of the deal, Saipem has declared a utilization of approximately 6 months from June 2017 for the “Normand Cutter” on a project in West Africa. Read More