Siem Offshore Ends Cable Lay Business Sale Talks with Subsea 7

Siem Offshore, a Norwegian shipping company, has terminated discussions about the potential sale of its cable lay business Siem Offshore Contractors GmbH (SOC).

The discussions were held with Subsea 7 due to the strategic fit between Subsea 7’s renewables business and Siem Offshore Contractors’ cable business.

The company informed on November 20, 2017, that it is considering strategic alternatives for its cable lay business, but that there is no certainty that a transaction will take place.

Siem Offshore confirmed on Wednesday that the company will continue to operate SOC in the ordinary course of business.

In preparation for an extended downturn in the offshore supply market earlier this month Siem Offshore issued a request to its banks for installment relief and certain other changes to its bank loan facilities to ensure that the company is able to service its debt obligations through the downturn.

Subsea World News Staff

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6th Offshore Well Intervention Conference Gulf of Mexico

The Offshore Well Intervention Gulf of Mexico conference (OWI GOM) is returning to Houston, Texas for its sixth year on Wednesday 20 – Thursday 21 November.

Featuring Anadarko, BP, Shell, Chevron, BHGE and Oceaneering, the conference aims to help operators transition to the latest compliance updates, WI systems and business models that enhance safety, quicken well access and improve commerciality.

Across two days, more than 200 delegates, 15 exhibitors and 30 speakers will network together and create solutions to some of the most pertinent industry challenges right now, through a conference programme focused on:

  1. Clarifying compliance updates
  2. Quicker well access and safer well control
  3. ​Understanding HPHT well intervention (systems)
  4. Forecasting well intervention activity, discussing new commercial models and comparing platform options
  5. Best practice riserless well intervention
  6. ​The latest well intervention equipment

For registration, speaking or sponsorship enquiries contact Abigail Clifton on aclifton@offsnet.com; +44 (0) 203 793 8800.

More info

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OCEANS 2019

OCEANS is the bi-annual event for global marine technologists, engineers, students…

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OTC Brasil

The conference is organized by the Offshore Technology Conference (OTC) and Brazilian Petroleum…

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Europort 2019

Europort, organised in the world port city of Rotterdam, will be the leading exhibition for special purpose vessels…

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