McDermott International Inc has announced the signing of an option to acquire the remaining 25% interest in North Ocean 105 AS from Oceanteam ASA.
North Ocean 105 AS owns the North Ocean 105 advanced reel-lay vessel. The Malta-flagged vessel has a deadweight tonnage of 11,280t and gross tonnage of 10,764t.
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Upon completion of the deal, McDermott will hold a 100% interest in North Ocean.
Scheduled for completion by 20 June, the transaction will enable Oceanteam to repay vendors and repurchase outstanding bonds.
Rubicon Oilfield International Holdings LLC has completed the acquisition of Choice Completions Systems LLC.
The acquisition enables Rubicon to expand its well construction and completion products and services portfolio.
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