Marine Subsea Enters Cooperation Deal with Oilfield Technology Group

Marine Subsea AS has completed a due diligence phase related to the letter of intent to acquire OTG Consulting and Drilling/Intervention. Marine Subsea has concluded that it will not acquire the two divisions of the company, but will instead enter into a cooperation agreement.

We believe the business objectives we had originally identified can better be achieved through a close Cooperation Agreement, says Managing Director, Christian Nygaard in Marine Subsea AS.