Purchase of CSV Normand Tonjer

Energy Disrupter

General – CSV

Solstad Offshore has exercised its option to purchase the CSV Normand Tonjer from Norwegian Mpsv.

The vessel Normand Tonjer was sold to Mpsv for a gross amount of USD 10 million in 2021 and leased back on a bare boat agreement for a firm three-year period with options for two one-year extensions.

At the end of year two, SOFF had an option to buy the vessel back for the net amount of USD 4 million. This option has been exercised and today, 20 December 2023, the purchase of the vessel was concluded.

Normand Tonjer is a CSV built in 2010. The vessel has been supporting Ocean Bottom Node Seismic operations working for the same client since 2018.

Original Source: https://ocean-energyresources.com/2023/12/20/purchase-of-csv-normand-tonjer/