Brief: SD Standard Drilling enters PSV market

SD Standard Etc

12/08/2016 06:38

Aug 12 (Reuters) - SD Standard Drilling  SDSD.OL : 
    * Said on Thursday it had invested $2.4 million, corresponding to 20 percent ownership, in 
PSV Opportunity I DIS 
    * PSV Opportunity owns three mid-size PSV vessels (VS 470 MK II) built in 2005 and 2006 
    * Aggregated purchase price for the three vessels is $7.5 million 
    * PSV will be financed by equity only 
    * Fletcher Shipping will act as Technical and Commercial Manager 
    * Clarksons Platou Project Finance will act as Corporate Manager 
    * SD Standard Drilling will have a bank balance of about $6.6 million after the investment 
 
     
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