Siem Offshore carves out offshore vessels business

Siem Offshore Inc. has decided to streamline its business by forming one dedicated organisation for its core offshore vessel business named “Siem Offshore OSV”.

According to Siem Offshore, the remaining business consisting of Siem Offshore Contractors, Joides Resolution, Siem Wis, the combat management business in Brazil and certain property investments will be organisationally separated and operated under the name of SIEM Offshore Industrial Investments.

Siem Offshore’s Board believes that the changes will help focus and develop the core offshore vessel business as well as be beneficial in developing and growing the business in Siem Offshore Contractors and finding strategic solutions for the other businesses.

Initially, the split will be implemented in the management organisation. Over time a legal split of the two businesses into separate companies may be implemented.

Terje Sørensen will continue as CEO of SIEM Offshore Inc and head of Siem Offshore Industrial Investments.

Idar Hillersøy has been appointed as Head of Siem Offshore OSV and will report directly to the Board of Siem Offshore Inc. Idar Hillersøy has served has CEO of the company’s 50% owned affiliate Secunda Canada LLP since December 2012, and prior to that was Chief Commercial Officer at Simon Møksters Rederi.

The company sees several opportunities in Canada and Hillersøy will continue as CEO of Secunda and focus on developing the business in Secunda as part of his tasks, Siem Offshore said.

Share this article

Follow Offshore Energy Today

Events>

<< Sep 2019 >>
MTWTFSS
26 27 28 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 29
30 1 2 3 4 5 6

Offshore Energy Exhibition and Conference (OEEC)

The three-day event features an exhibition where over 600 companies will showcase their products and services…

read more >

Argentina Oil and Gas Expo 2019

The Argentine Oil and Gas Institute (IAPG) organizes the Argentina Oil & Gas Expo bringing together the most…

read more >

OEE Conference & Exhibition 2019

OEE2019 is organised by Ocean Energy Europe, the industry association representing ocean energy in Europe.

read more >

Africa Oil & Power 2019

The Africa Oil & Power conference will bring together an elite class of ministers and senior-level government…

read more >

Jobs>

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply