Technip closes sale of diving assets in Gulf of Mexico

Technip has completed the sale of its diving assets in the US Gulf of Mexico to Ranger Offshore Inc.

Offshore staff

PARISTechnip (Paris:TEC) has completed the sale of its diving assets in the US Gulf of Mexico to Ranger Offshore Inc.

This sale reinforces Technip’s strategy to focus on its core North Americasubsea business lines of high-technology and ultra-deepwater products and services.

Proceeds will be reinvested partially into Technip’s North America Subsea business segment, focusing on enhancements to its spoolbase located in Mobile, Alabama, and on optimization of certain construction and pipelay vessels.

As part of this transaction, Technip USA and Ranger Offshore have entered into a multi-year diving services agreement covering Technip’s North America region.

12/16/2014

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