Lars Peder Solstad chief executive, Solstad Farstad

摘要

June 2017 saw Solstad and Farstad, two of the biggest, best-known offshore vessel owners in Norway, become one as they completed a merger that also included Deep Sea Supply and Rem Offshore, which Solstad had earlier acquired. Speaking at the time that the deal was finalised, Lars Peder Solstad, the new company's chief executive, noted that the new entity was based on the proud heritage of several leading offshore support vessel (OSV) companies. A proud heritage is all very well, of course, but as Mr Solstad knows, all of the companies that came together to form the new OSV behemoth were heavily in debt, and that company's success in future is predicated on a return to growth - its strategy assumes a return to mid-cycle levels of activity by 2020 - and on reducing costs and using synergies across the newly-formed company to reduce operating costs. Solstad Farstad is committed to reducing costs and realising synergy effects of Nkr450-600M (US$55-74M). It will need to.