EuropeFinance and InsuranceOffshore
Fugro completes $106m sale and leaseback for geotechnical pair
Dutch offshore operator Fugro has completed a sale and lease back agreement with ICON Investments for geotechnical drilling vessels Fugro Scout and Fugro Voyager.
Initially Fugro will leaseback the vessels for a five year period, with extension options available for up to 12 years.
The sale has netted Fugro $106m which will be used to reduce the company’s debt.