Offshore staff

SKUDENESHAVN, Norway -- Solstad Offshore ASA has entered a letter of intent witn Flekkefjord Slipp of Maskinfabrikk AS to build a construction service vessel.

The 113-m long by 24-m wide vessel will be purpose-built for inspection, maintenance, and repair.

Solstad has an agreement with Subsea 7 for hire of the vessel for six years with four yearly options to follow.

9/19/06