Solstad Offshore ASA has signed a new Installation and Construction Contract for the DLB "Norce Endeavour".

Solstad Offshore ASA («SOFF»), through its wholly
owned subsidiary Norce Offshore Pte Ltd, has signed a
contract with Chevron Offshore (Thailand) Ltd,
Chevron Thailand Exploration and Production Ltd and
Chevron Pattani Ltd (together «Chevron») in Thailand
utilising its DLB "Norce Endeavour" for their annual
campaigns.

DLB «Norce Endeavour» will install multiple new
wellhead platforms for Chevron in the Gulf of
Thailand. The contract is firm for the 2014 campaign,
with options for the 2015 and 2016 campaigns.
Including mobilisation, demobilisation and transit
the estimated annual utilisation of the Norce
Endeavour will be in the range to 60 - 100 days
depending on the number of platforms to be installed.
SOFF will provide project management, engineering,
procurement and logistics to support the DLB
installation and construction scope of work through
its «DLB Marine Projects group» in the Singapore
office.

The contract value is confidential among the parties.

Since October 2012 DLB «Norce Endeavour» has been
working for Saipem Leighton Consortium under contract
to Leighton Contractors on the Gorgon LNG Jetty and
Marine Structures in West Australia. Firm period is
up to December 2013 but with Charter's options to
extend.

Skudeneshavn, 18 September 2013

Solstad Offshore ASA

Contact persons: Lars Peder Solstad or Sven
Stakkestad (Phone: +47 52 85 65 00)
This information is subject of the disclosure
requirements acc. to §5-12 vphl (Norwegian Securities
Trading Act)"