Siem Offshore prolongs Daya’s payment deadline for two OSCVs

Norway’s Siem Offshore and Malysia’s Daya Materials will extend the deadline for termination of the Memorandum of Agreement for the sale of two Offshore Subsea Construction Vessels (OSCVs) till April 24, 2015.

Namely, the two companies entered into agreement for the sale of 2013-built Siem Daya 1 and Siem Daya 2 in August 2014 for a price of $282 million. The delivery of the two vessels was scheduled for mid-April 2015.

Daya has paid a deposit of $1.4 million in aggregate on the vessels and has been given until mid-April to arrange for financing and pay the remainder of the deposit on the two vessels.

Both vessels are on long-term charters to Daya and the charter agreements will continue until deliveries are concluded.

The Siem Daya 1 and and Siem Daya 2 are designed for subsea operation duties such as construction and installation work, inspection and maintenance.

Offshore Energy Today Staff

Share this article

Follow Offshore Energy Today

Events>

<< Feb 2020 >>
MTWTFSS
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 1

Africa Oil Week 2020

For over 25 years Africa Oil Week has been the meeting place for Africa’s most senior E&P stakeholders.

read more >

CERAWeek 2020

 Each year, CERA clients gathered for a few days in Houston…

read more >

Offshore Technology Conference (OTC) 2020

The Offshore Technology Conference (OTC) showcases leading-edge technology for offshore drilling, exploration…

read more >

2020 EXPLORATION AND PRODUCTION STANDARDS CONFERENCE ON OILFIELD EQUIPMENT AND MATERIALS

The development of consensus standards is one of API’s oldest and most successful programs.

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