Standard Drillling takes over Volstad PSV trio

S.D Standard Drillling has taken delivery of three platform supply vessels from Volstad Shipping.

Standard Drilling announced the purchase of Volstad’s three Norwegian-built PSVs on January 19, 2017, for a consideration of $40 million.

The vessels, of a ST-216L CD type, are Volstad Viking, Volstad Supplier and Volstad Princess. They were all built at Aker Brattvaag, Norway in 2007-2008, with 1,060m2 deck space and equipped with ice class capabilities.

According to Standard Drilling’s Oslo Stock Exchange filing on Thursday, the transaction was completed on February 8 and the company, through subsidiaries, took delivery of the vessels.

Following the completion of acquisition of three Volstad’s vessels, the company owns 100% of three large-size PSVs and has invested in additional 13 mid-size PSVs, bringing its total fleet of partly and/or fully owned vessels up to 16 PSVs.

To remind, after buying Volstad’s PSVs, Standard Drilling also in January secured 15.6% ownership in a company which owns six platform suppliers, previously owned by World Wide Supply.

Offshore Energy Today Staff

Share this article

Follow Offshore Energy Today

Events>

<< May 2019 >>
MTWTFSS
29 30 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 1 2

08th OIL & GAS AFRICA 2019 CONFERENCE

OIL & GAS AFRICA is one of the most prime regional & international Oil and Gas conferences in East Africa…

read more >

FPSO Brazil Congress 2019

Charging ahead with 24 planned orders by 2022, Brazil has once again solidified its status as one of the world’s foremost oil and gas leaders…

read more >

OWI WA 2019

West Africa’s only dedicated Offshore Well Intervention Conference is returning for its second year…

read more >

OIL & GAS PHILIPPINES 2019

Oil & Gas Philippines event display products like Oil & gas, fire protection systems and materials…

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

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