French oilfield services firm Technip reported Tuesday that it has now completed the sale of its diving assets in the Gulf of Mexico to Ranger Offshore Incorporated.
Technip said the sale reinforces its strategy of focusing on its core North America subsea business lines of high technology and ultra-deep water products and services.
Proceeds from the divestment will be partially reinvested directly into its North America subsea business segment, specifically focusing on enhancements to its spoolbase located in Mobile, Alabama and the optimization of certain construction and pipelay vessels.
As part of the sale, Technip USA and Ranger Offshore have entered into a multi-year diving services agreement that covers Technip's North America region.
Have a news tip? Share it with Rigzone!
WHAT DO YOU THINK?
Click on the button below to add a comment.
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.
More from this Author
Most Popular Articles