Solstad Offshore has announced a series of contract awards with Total, Equinor and Serica Energy in the UK North Sea.
The Norway-headquartered firm, which has an operational base in Aberdeen, said the deals will provide work for four of its platform supply vessels.
The Normand Springer ship has been given a one-year contract, with an additional year option, for an unnamed Total installation in the sector which will kick off in the second half of this month.
Equinor has, meanwhile, awarded work to the Normand Sitella and Sea Falcon for an upcoming drilling campaign.
Both vessels have been contracted on a one well firm basis, beginning in the second quarter, to support the West Hercules rig, with an additional one option well thereafter.
Elsewhere Serica has picked up the Normand Service for a one-well contract to support the Maersk Resilient jack-up rig, due to kick off in the first half of this month.
Solstad has not revealed the value of the UK contracts.
The majority of the company’s stakeholders agreed a restructuring plan in March 2020, agreeing to remove dozens of vessels from its fleet as asset valuations declined amid the Covid pandemic, which was finalised in October.
Analyst firm VesselsValue described the market in April that year as “extremely testing”, with all signs pointing to restructuring and forced vessel sales.
Solstad said in October, as shareholders approved its plan, that it was a “new beginning” for the firm.
CEO Lars Solstad added: “With a fleet of about 100 vessels involved with the oil & gas sector as well as offshore wind activities world-wide, and more than 3,500 highly skilled employees, both on- and offshore, Solstad Offshore will remain one of the main players in the offshore vessel industry going forward.”