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Sd Standard Drilling Plc News

02 Nov 2021

Standard Drilling Sells Stake in VLCC Gustavia S

Norwegian investment company Standard Drilling said Tuesday it had sold its 33.3% ownership in the VLCC Gustavia S, following the updated company strategy. Standard Drilling, which in 2013 sold off its offshore drilling rigs, only to return as offshore vessel owner in 2016, in January 2020 entered the tanker market by acquiring a 33.3% ownership in the newly built Gustavia S VLCC.Now, the company has sold its stake in the 300 000 TDW ECO Design Crude Oil Tanker built by Daewoo Shipbuilding & Marine Engineering Co and fitted with scrubber technology delivered by Wärtsila. The transaction values the vessel at USD 93 million, where Standard…

11 Jun 2021

Standard Drilling Agrees to Sell Standard Olympus PSV

Oslo-listed offshore vessel owner S.D. Standard Drilling Plc. has agreed to sell the Standard Olympus platform supply vessel for $7.5 million to an undisclosed buyer."The sale of Standard Olympus will result in a gain for Standard Drilling of gross USD 1.3 million," the company said.The vessel is a large Platform Supply Vessel (PSV), built at Havyard Ship Technology AS, Norway, in 2014, with 800m2 deck space. "The transaction is a result of Standard Drilling’s renewed focus on more diversified investments within the shipping, offshore, and renewables segments. It gives Standard Drilling increased flexibility to pursue other investment opportunities” said Martin Nes, Chairman of Standard Drilling.

21 Jan 2020

Norwegian OSV Player Enters Tanker Game

Illustration; Oil Tanker - Image by alexyz3d - AdobeStock

Standard Drilling, an offshore driller turned offshore support vessel owner, has now decided to make another shift in its game.The company, which in 2013 sold off its offshore drilling rigs, only to return as offshore vessel owner in 2016, on Tuesday said it would enter the tanker market by acquiring a 33.3% ownership in a newly built VLCC.Delivery from the yard, Daewoo Shipbuilding & Marine Engineering Co in Korea, is expected later this week. The purchase price of the VLCC is $106 million.Standard Drilling will invest $36.5 million…

10 Dec 2019

Standard Drilling Sells PSV

Cyprus-based company active in the oil and gas industry S.D Standard Drilling signed Memorandum of Agreement (MoA) to sell one  large Norwegian built Platform Supply Vessel (PSV), Standard Supporter for USD 15 million.The transaction was completed yesterday (10 December 2019). S.D Standard Drilling Plc. has, through its subsidiary, Standard Supporter AS, received the transaction amount in full. Following the sale, the Company will control, directly and indirectly, a fleet  of 13 PSVs ; four large PSVs 100% owned and nine medium-sized PSVs with approximately 26% ownership interest, including one vessel on a bare boat contract.The company sold one UT 776 CD PSV  vessel, Standard Supporter, for USD 15 million last month.

02 Jan 2017

Wanax Invests in PSV Market

Wanax AS, a wholly owned subsidiary of S.D Standard Drilling Plc, will  invest USD 5.215mln in platform supply vessels  (PSV) Opportunity III DIS. The investment will be done through subscription of ownership interests in PSV Opportunity  III and gives Wanax AS a 35% ownership stake in PSV  Opportunity III. PSV Opportunity III will take delivery of two mid-size PSV of the UT 755 LN design. The vessels were built   in Norway in 2007 and 2008. The total purchase price for the two vessels is USD  11.7 million, financed solely through equity. Fletcher Shipping will act as Technical and Commercial Manager for PSV Opportunity III, while Clarksons Platou Project Finance AS will act as a Corporate  Manager.

16 May 2011

Keppel to Build Repeat Jackup Rigs Worth $772M

Latest contracts boost value of new orders secured year-to-date to over S$6.4 billion. Keppel FELS Limited's (Keppel FELS) returning customer, Oslo-listed S.D. Standard Drilling Plc (Standard Drilling), has ordered four repeat KFELS B Class rigs worth US$772 million. Successive deliveries of these units are scheduled between 2H2013 and 1H2014. Standard Drilling ordered its first jackup rig from Keppel FELS in November 2010 with two options. In addition, it acquired two jackups under construction as well as two option rigs from Clearwater Capital Partners LLC (Clearwater)…