Prosafe reviewing options after Floatel merger vetoed

The Norwegian Competition Authority has rejected the proposed merger between Scandinavian offshore accommodation/construction support providers Prosafe and Floatel.

The accommodation vessel Safe Notos is under a long-term contract with Petrobras offshore Brazil.
The accommodation vessel Safe Notos is under a long-term contract with Petrobras offshore Brazil.
(Courtesy Prosafe)

Offshore staff

STAVANGER, Norway – The Norwegian Competition Authority has rejected the proposed merger between Scandinavian offshore accommodation/construction support providers Prosafe and Floatel.

Prosafe said it would examine the decision and expects to decide on whether to appeal shortly, within the three-week deadline. The company owns and operates semisubmersible accommodation vessels operating at present in the North Sea region and off Latin America.

10/28/2019 

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