Siem Offshore will purchase the 49% ownership in Siem Meling Offshore DA (SMODA) held by O.H. Meling.
Once the deal is done, Siem Offshore will own 100% of the company SMODA.
As part of the agreement, the Siddis Mariner vessel will be sold by SMODA to another company owned by O.H. Meling.
SMODA will continue its ownership in the vessel Siem Pilot, which will start a four-year firm contract offshore Canada during July 2017.
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