Normand Skarven Terminates Sale of AHTS Vessel

Reference is made to the announcements dated May 26, Nov. 3 and Dec. 16 2008 with respect to the agreement for the sale of the AHTS Normand Skarven to a foreign buyer. The buyer has paid the deposit of 10% but not complied with its further payment obligations under the memorandum of agreement. The vessel's owner, Normand Skarven KS, has therefore terminated the sales agreement.

Solstad Offshore ASA (SOFF) holds a 71,7% ownership share in Normand Skarven KS. The vessel will continue its contract with StatoilHydro to primo February 2009.



Our Privacy Pledge

Most Popular Articles

From the Career Center
Jobs that may interest you
Static Equipment / LNG Tank Engineer
Expertise: Mechanical Engineering
Location: Houston, TX
ARAMCO QM20 Third Party Inspector
Expertise: Electrical Engineering|QA / QC / Inspection|Technical Writing
Location: Bolingbrook, IL
Power Generation Technician
Expertise: Electrical Technician|Electrician|Maintenance Technician
Location: Broussard, LA
search for more jobs

Brent Crude Oil : $51.78/BBL 0.77%
Light Crude Oil : $50.85/BBL 0.83%
Natural Gas : $2.99/MMBtu 4.77%
Updated in last 24 hours