Rig owner Sevan Marine has ditched plans to sell assets. At its quarterly results presentation the Norwegian company said it had received indicative expressions of interest from industrial parties regarding the purchase of certain assets of Sevan Marine.
“These offers reflected a discount to the current market value of the company,” the firm said in a release.
Sevan Marine appointed Pareto Securities in April 2015 to explore potential strategic options for the company.
Sevan Marine said today it will now focus its efforts on “independently developing, marketing and supporting the execution of projects based on its unique cylindrical hull design”.
Sevan Marine registered a net loss of $11.6m in the second quarter.
