DOF Subsea Entered Agreement with Technip for the sale of Skandi Arctic

Source: www.gulfoilandgas.com 6/1/2015, Location: Europe

The subsidiary DOF Subsea Group has entered into an agreement with Technip for the sale of DOF Subsea’s ownership in the joint venture vessel Skandi Arctic, with immediate effect. The transaction is done at market terms and will improve the cash position for the Group.

The charter contract for the vessel Skandi Achiever has been extended by 7 months with Technip and the vessel is firm until February 2016.

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Related Categories: Diving Contractors  Dredging  FPSO Vessels and Equipment  General  Marine Services  Mooring Systems  Offshore Platforms  Subsea Production 

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