Boskalis takes full control of Middle East geophysical contractor

Royal Boskalis Westminster has taken full ownership of Sharjah-based geophysical/geotechnical contractor Horizon Group.

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Offshore staff

PAPENDRECHT, the NetherlandsRoyal Boskalis Westminster has taken full ownership of Sharjah-based geophysical/geotechnical contractor Horizon Group.

Earlier this year, Boskalis had acquired 62.5% of the shares.

Horizon, formed in 2004, will continue to focus on its established markets position in the Red Sea and offshore the Arabian peninsular, where its clients range from NOCs and IOCs to international EPCI contractors.

It will also look to expand into the emerging offshore wind market in the Far East.

11/25/2019

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