Contract extensions in Brazil

Solstad Offshore ASA is pleased to announce several contract extensions in
Brazil with Equinor and Total.

Equinor Brazil has extended the contracts for the PSV's Sea Brasil by 1 year
until December 2021 and Far Scotsman by 6 months until May 2022.

Both vessels will continue to support Equinor on their operation and development
activities in Brazil.

In addition, Total E&P do Brazil has extended the contracts for the PSV Normand
Swift and the AHTS Far Sagaris until December 2020 to support Total's activities
in the Lapa Field.

During the charterperiod, Far Sagaris will be replaced by Far Scout, as Far
Sagaris will commence a 3-year contract with Petrobras (ref. Notice to Oslo
Stock Exchange dated 16. June 2020).

Skudeneshavn, August 7th, 2020

Contacts
Lars Peder Solstad CEO, at +47 91 31 85 85
Kjetil Ramstad CFO, at +47 90 75 94 89

Solstad Offshore ASA
www.solstad.com