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Technip completes sale of GoM diving assets to Ranger Offshore

16th December 2014

Technip has completed the previously announced sale of its diving assets in the US Gulf of Mexico to Ranger Offshore Inc

Technip has completed the previously announced sale of its diving assets in the US Gulf of Mexico to Ranger Offshore Inc
As part of this transaction, Technip USA and Ranger Offshore have entered into a multi-year Diving Services Agreement covering Technip’s North America region

This sale reinforces Technip’s strategy to focus on its core North America subsea business lines of high technology and ultra-deepwater products and services, which, together with its approach of early involvement enables Technip to provide clients with optimized cost and schedule driven solutions.

Proceeds from this divestment will be partially reinvested directly into the North America Subsea business segment, specifically focusing on enhancements to its spoolbase located in Mobile, Alabama, USA, and optimisation of certain construction and pipelay vessels.

As part of this transaction, Technip USA and Ranger Offshore have entered into a multi-year Diving Services Agreement covering Technip’s North America region.

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