S.D Standard Drillling Plc. (the "Company") takes delivery of the two (2) large Norwegian built Platform Supply Vessels ("PSV") through its wholly owned Norwegian subsidiary WANAX AS, increasing its fleet to 18 Vessels
Limassol 13 November 2017
Reference is made to the stock exchange release as of 12 October 2017, where the
Company published the acquisition of two (2) large Norwegian built Platform
Supply Vessels ("Vessels") E.R Georgina and E.R. Athina for an en-bloc
consideration of USD 22.2 million.
On 13 November the transaction was completed and S.D Standard Drilling Plc.,
through subsidiaries, took delivery of the two Vessels which will now be named
Standard Supporter (ex-E.R. Athina) and Standard Provider (ex-E.R. Georgina).
Following the completion of the acquisition of the Vessels, the Company owns
100% of five (5) large-size PSVs. In addition, the Company has invested in 13
mid-size PSVs, bringing the total fleet of partly and/or fully owned vessels up
to 18 PSVs.
For further information please contact:
General Manager, Evangelia Panagide at +357 99 77 11 16,
Chairman of the Board, Martin Nes at +47 92 01 48 14