PGS Sells Ramform Sterling to JOGMEC

Photo: PGS

PGS has finalized the sales agreement for the Ramform Sterling vessel with Japan Oil, Gas and Metals National Corporation (JOGMEC), an incorporated administrative agency of Ministry of Economy Trade and Industry in Japan.

The companies entered into negotiations for the sale of the Ramform Sterling in November 2018.

According to the latest update, JOGMEC will take delivery of the Ramform Sterling late April 2019.

The sales price is approximately $100 million. PGS will receive about 75% of the cash proceeds at delivery. The remaining will be paid in FY2020.

The vessel sale does not include seismic streamers.

Share this article

Follow Subsea World News

Events>

<< Mar 2019 >>
MTWTFSS
25 26 27 28 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 29 30 31

Subsea Valley

This yearly gathering has grown from 200 to 2000 delegates in only 5 years and is now one of the leading energy conferences in Europe…

read more >

Shallow and Deepwater Mexico Oil and Gas Conference

Shallow and Deepwater Mexico is a community gathering for the offshore sector focusing on the future of offshore in Mexico…

read more >

OMC 2019

OMC is the largest exhibition and conference dedicated to the Offshore, and Oil & Gas Industry…

read more >

SubOptic 2019

SubOptic is the longest running and most comprehensive conference series in the world for the submarine fiber industry…

read more >