Oceaneering Acquires Ten Work Class ROVs From Fugro

Friday, October 01, 2004
Oceaneering International, Inc. announced that it has acquired from Fugro (USA), Inc. 10 work class ROVs and related assets in North America. Seven of the 10 vehicles are under contract -- four in Mexico, two in Canada, and one in the U.S. Gulf of Mexico. The purchase price was $16.5 million. T. Jay Collins, President and Chief Operating Officer, stated "We are very pleased to add these additional work class ROVs to Oceaneering's fleet, which now consists of 170 vehicles -- the largest in the industry with an estimated 38% market share. "This acquisition positions our North American ROV operation with additional vehicles to benefit from an expected increase in our ROV drill support services in 2005. In addition to our leading market position in the Gulf of Mexico, we now have ROVs onboard seven of the 10 floating drilling rigs working offshore Mexico and four ROVs working offshore Canada. "We expect the net income contribution from these additional ROVs to be accretive by approximately $1.2 million during the first year of operation."
Maritime Reporter September 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds


Kruszewski Joins Braemar Engineering

Braemar Engineering, the specialist maritime engineering consultancy, today announced the appointment of Chis Kruszewski to the role of Senior Electrical Engineer in its Offshore,

RigNet Partners Inmarsat to Offer Fleet Xpress

RigNet, Inc., a global provider of remote managed offshore communications solutions, telecoms systems integration services and collaborative applications to the oil and gas industry,

Italy's Eni Arrives Arctic as Shell Departs

As Shell retreats from the Arctic, the Italian oil giant Eni is making final preparations for its own oil exploration venture in the Norwegian Arctic, reports the Guardian.

Maritime Careers / Shipboard Positions Maritime Contracts Maritime Standards Pipelines Port Authority Salvage Ship Repair Ship Simulators Shipbuilding / Vessel Construction Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.3222 sec (3 req/sec)