Solstad Offshore Completes Sale of Normand Clough to SapuraClough (Australia)

Solstad Offshore ASA (SOFF), a Norway-based owner of offshore support vessels, completed the sale and delivery of the CSV “Normand Clough” to SapuraClough Offshore Pty Ltd.

The sale of “Normand Clough” was announced in August and was completed after closing hours on the Oslo Stock Exhange on the 1st of November 2013.

The terms of the transaction are confidential between the parties. The booked value of the vessel is equivalent to the option price. The transaction thus results in a limited net accounting effect for SOFF but will have a positive cash effect of approx. NOK 200 mill.

The “Normand Clough” is a 117m Subsea Support Vessel equipped with a saturation dive system, 2 x Remotely Operated Vehicles (ROVs), well intervention equipment, a helideck, moon pool and accommodation for 120 personnel.

Subsea World News Staff, November 04, 2013;  Image: Solstad

 

Share this article

Follow Subsea World News

Events>

<< Feb 2018 >>
MTWTFSS
29 30 31 1 2 3 4
5 6 7 8 9 10 11
12 13 14 15 16 17 18
19 20 21 22 23 24 25
26 27 28 1 2 3 4

2018 Northern Area Western Conference

The conference will include a variety of exhibitors showcasing emerging technologies and services. Don’t miss this opportunity to learn from…

read more >

International Petroleum (IP) Week 2018

International Petroleum (IP) Week, hosted by the Energy Institute (EI) is a renowned and highly respected event where leaders from the global…

read more >

4th FPSO Europe Congress 2018

Welcome to the 4th FPSO Europe Congress, the region’s largest platform for oil companies, FPSO contractors, investors and solution providers…

read more >

Arabia 2018 Conference and Exhibition

Offshore Arabia is a focused prestigious meeting place of the Offshore Industry, and it’s diverse spectrum from the Oil & Gas…

read more >