Oslo-listed Solstad Offshore has offloaded derrick-lay barge Norce Endeavour in a sale for an undisclosed sum to Italian contractor Saipem.

The latter company had taken the vessel on a bareboat charter with a purchase option that it has now exercised.

The vessel is due to be delivered to its new owner next month and Solstad said the sale will have only a “minor accounting effect”.

In a further fleet rationalisation move, Solstad said it has decided to terminate its bareboat charters with SFL for a pair of platform supply vessels, Sea Halibut and Sea Pike, that have been laid up since 2016.