Solstad Offshore ASA ('SOFF') has been issued and accepted a Letter of Intent to enter into a contract with CUEL Limited, Thailand for the Provision of Transportation and Installation for Phase 4 of JDA Block B-17-01 in the Malaysian Thailand Joint Development Area utilising the Derrick Lay Barge 'DLB Norce Endeavour'.

'DLB Norce Endeavour' will install 3 new Wellhead Platforms, 3 Subsea Pipelines and host tie-ins for CUEL Limited with the offshore work commencing in Q3-2017 and completing in Q1-2018.with a combined forecast utilization of the 'DLB Norce Endeavour' of around 60 days. SOFF will provide project management, engineering, procurement and logistics to support to the combined pipeline and structures offshore transportation, DLB installation and construction scope of work through its DLB Marine Projects group in it's Singapore office.

The contract value is confidential among the parties.

The contract represents an exciting opportunity for SOFF to establish a further strong relationship complementing its existing operations in the Gulf of Thailand.

Solstad Offshore ASA

Solstad Offshore ASA published this content on 13 January 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 13 January 2017 10:05:03 UTC.

Original documenthttp://solstad.no/blog/new-contract-dlb-norce-endeavour-cuel-limited-thailand/

Public permalinkhttp://www.publicnow.com/view/A4D74C0C63E8DA9D8E493EF7A3D21FA051F52655