UK: Subsea 7 Buys 50 Pct Ownership in CSV Normand Oceanic, Extends Charter for Vessel

Solstad Offshore ASA (SOFF) has entered into an agreement with Subsea 7 International Contracting Limited (Subsea 7), where by Subsea 7 will aquire 50% of the CSV “Normand Oceanic” through purchase of shares in a single purpose company to be incorporated. “Normand Oceanic” was delivered to SOFF from yard in April 2011 and commenced a […]