Great Offshore acquires KEI, RSOS

Great Offshore has signed definitive agreements for acquisition of 100% equity stake in KEI-RSOS Maritime (KEI) and Rajamahendri Shipping & Oilfield Services (RSOS).

Offshore staff

MUMBAI, India -- Great Offshore has signed definitive agreements for acquisition of 100% equity stake in KEI-RSOS Maritime (KEI) and Rajamahendri Shipping & Oilfield Services (RSOS).

KEI and RSOS provide offshore support, single point mooring operations, and port management services. The companies have a strong presence on the east coast of India.

Their client list includes ONGC, Reliance Industries, Bharat Petroleum Corp., Indian Oil, Cairn Energy, Ratnagiri Gas Power Generation Ltd., PPN Power, Tuticorin Port, and Qatar Petroleum.

The companies have a fleet of 19 assets (9 offshore support vessels and 10 harbor tugs). In addition, the companies have four specialized vessels on order, due for delivery in 2009.

09/03/2008

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