Profile: Solstad Offshore ASA (SOFF.OL)

Solstad Offshore ASA is a Norway-based shipping company active in the oil and gas industry. It is mainly involved in petroleum service activities offshore. As of December 31, 2011, its fleet consisted of 50 wholly and partially owned, and chartered vessels, including one new build. The Company operates in three segments of the market, operating platform supply vessels (PSV), anchor handling vessels (AHTS) and construction service vessels (CSV). As of December 31, 2011, the Company’s fleet was located in such areas, as the North Sea, South America, Asia, North and Central America, the Mediterranean and other parts of Europe, and West Africa. The Company has subsidiaries operational in such countries, as the United Kingdom, Norway, Singapore, Brazil and Switzerland. As of December 31, 2011, its subsidiaries included Solstad Offshore (UK) LTD, Solstad Offshore Service Vessel (UK) LTD, Solstad Management AS, Normand Skarven AS and Solstad Offshore Asia Pacific Ltd, among others.