Solstad Farstad (SOFF) has agreed contract extension for the construction support vessel (CSV) Far Sentinel with Blue Marine.
The contract has been extended for approximately 18 months to June 2020 for operations in the Gulf of Mexico.
The contract has incorporated an early cancellation clause, which includes a significant termination fee, Solstad Farstad explained.
However, early cancellation cannot be exercised before November 2018.
Far Sentinel, which has an overall length of 142.6 meters and a beam of 25 meters, is designed for subsea construction/IMR operations in up to 3,000 meters water depth.
The vessel is equipped with two offshore cranes, of which the larger one has a lifting capacity of 350 tons.
Furthermore the vessel is arranged for 3 ROVs (Remotely Operated Vehicles) and accommodation for 130 persons.