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

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