Telford Offshore adds seven vessels to its fleet

International offshore service company Telford Offshore has concluded a recent acquisition, which has resulted in almost tripling of the number of its offshore vessels. 

The Dubai-headquartered business has acquired an additional DP3 pipelay and accommodation vessel and six offshore support vessels following a legal settlement between Sea Trucks Group (STGL in liquidation) and West African Ventures (WAV).

To remind, Telford was officially launched in February 2018 after acquiring four DP3 multi-purpose offshore construction vessels from Sea Trucks, the Jascon 25, Jascon 28, Jascon 31, and Jascon 34.

Telford’s latest transaction, which was announced last week, has brought Telford DP3 fleet numbers to five.

According to Telford, the 2007-built DP3 vessel Jascon 30 is set to be dry docked in the coming months and upgraded in preparation for utilization across the globe under its new name, Telford 30. The vessel will be ready for deployment later in 2019.

Meanwhile, the six offshore support vessels, which are all anchor handlers, will be deployed in Nigeria with Telford’s partner Afrimarine Charters. They will be prepared to start work on projects during the first quarter of 2019 as Telford moves to increase its presence and commitments in Nigeria and West Africa.

Fraser Moore, Telford Offshore Chief Executive Officer, said: “Adding to our fleet with these seven assets allows Telford to further enhance our presence in West Africa and elsewhere. The Telford 30 in particular will offer a unique combination of DP pipelay, moored pipelay, heavy lift and accommodation support from one asset.”

Ivan Coyard, Telford Offshore Chief Financial Officer, added: “We are pleased to see the settlement enacted after two years of litigation, allowing Telford Offshore to manage and operate a larger asset base and to further build and develop the group. We will have a larger asset base, stronger balance sheet with no additional debt.”

Share this article

Follow Offshore Energy Today

Events>

<< Feb 2019 >>
MTWTFSS
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 1 2 3

19th Annual Arctic Oil & Gas Symposium

CI Energy’s 19th Annual Arctic Oil & Gas Symposium has brought together hundreds…

read more >

Egypt Petroleum Show

This event will feature 500+ regional & international exhibiting companies from over 35 countries…

read more >

INTERNATIONAL PETROLEUM WEEK 2019

International Petroleum (IP) Week is a renowned and respected fixture in the annual calendar…

read more >

Fuel Cell Expo 2019

FC EXPO is world’s largest show for hydrogen & fuel cell…

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