Tidewater Completes $79M ENSCO Deal

Tuesday, April 01, 2003
Tidewater has completed a previously announced transaction, acquiring the 27-vessel fleet from ENSCO International. The five anchor handling towing-supply vessels, six modern large capacity 220-ft. "stretched" platform supply vessels, 13 standard supply vessels and three utility vessels were acquired for a cash price of $79 million. Also included in the agreement is a provision which affords Tidewater the opportunity to provide supply, anchor handling and towing vessels to ENSCO for its Gulf of Mexico operations.

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