JV to acquire subsea support vessel hull and topsides

Oil service investment specialist Akastor has signed a heads of agreement with Japanese trading and investment company Mitsui & Co.

Offshore staff

LYSAKER, Norway – Oil service investment specialist Akastor has signed a heads of agreement with Japanese trading and investment company Mitsui & Co. to form a joint venture owned 50/50 by AKOFS Offshore and Mitsui.

The joint venture will acquire theSkandi Santoshull from DOF Subsea Rederi and the Skandi Santos topsides from AKOFS.

Subsequently, it will enter into a lease agreement with AKOFS concerning the remaining contract duration between AKOFS and Petrobras.

DOF Subsea will continue to provide ROV and marine services onboard the vessel as part of a contract with Petrobras.

9/22/2016

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