Restructuring OSV giant Solstad Offshore has gained more time to seal a refinancing deal with creditors.
The company, backed by John Fredriksen and Kjell Inge Rokke, has extended a debt payment suspension and deferral agreement to 31 October, from 20 June previously.
The company said talks on restructuring are progressing, but more time is required to find a sustainable solution to its financial situation following a long OSV slump.
